Sentences with phrase «foreign debts accumulated»

Not exact matches

Policies imposed by the International Monetary Fund, whose loans most nations seek as a last resort, are designed to accumulate foreign exchange with which to repay debt.

We expect, given the finding that Retail taxes produce less of a drag on the economy than Income taxes that if a government decides it must raise new taxes (perish the thought), then it ought by the Precautionary Principle do so by reducing the Income Tax rate so low as possible and raising the Retail Tax rate to meet the needs of the state — for instance to pay off debt accumulated by fighting foreign wars.