I´d like to introduce another element to the debate about External debt that is: EXTERNAL DEBT SUSTAINABILITY. More and more developed and developing countries are following a negative path paying more for debt than -for instance- on education, undermining seriously national levels of development and growth.
The most important debt burden indicators to take in account are:
1. Debt to GDP ratio
2. Foreign debt to exports ratio.
3.Government debt to current fiscal revenue ratio.