Term:
Severely indebted low, middle-income country
Definition:
Low-, middle-income country in which three of the four key ratios are above critical levels. These ratios and their critical levels are debt to GNP (50 percent), debt to exports of goods and all services (275 percent), accrued debt service to exports (30 percent) and accrued interest to exports (20 percent). Used in the World Bank's World Debt Tables. See moderately indebted low-income, middle-income country.
Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt