Sentences with phrase «mounting foreign debt»

The money is dissipated to subsidize capital flight or to pay Russia's mounting foreign debt.

Not exact matches

And while Macdonald did not look into it, other studies have pointed to another major influence China has had lately on many countries, including Canada: how its high savings rate and mounting foreign currency reserves, much of it invested in benchmark U.S. government debt, have depressed interest rates around the world.