Default is the term used to describe the inability of a country to repay its debts.

The International Monetary Fund (IMF) is responsible for providing financial assistance to countries facing debt problems.

Debt restructuring is the term used to describe the process of reducing a country's debt burden.

The United States is the largest debtor in the world.

Debt overhang is the term used to describe the situation where a country's debt exceeds its ability to repay it.

The World Trade Organization (WTO) is responsible for promoting international cooperation on trade and economic issues.

Debt crisis is the term used to describe the situation where a country's debt is so large that it cannot be repaid without causing severe economic hardship.

The World Bank is responsible for providing financial assistance to developing countries.

Debt forgiveness is the term used to describe the process of forgiving a country's debt.

China is the largest creditor in the world.

Debt trap is the term used to describe the situation where a country's debt is so large that it cannot be repaid without causing a default.

The International Monetary Fund (IMF) is responsible for promoting international cooperation on monetary and financial issues.

Debt crisis is the term used to describe the situation where a country's debt is so large that it cannot be repaid without causing a severe economic crisis.

India is the largest debtor in the developing world.

Debt trap is the term used to describe the situation where a country's debt is so large that it cannot be repaid without causing a default.