A country is said to be in a debt trap if........

Economic Affairs Public Finance and Debt Management

A country is said to be in a debt trap if

it has to borrow to make interest payments on outstanding loans

it has been refused loans or aid by creditors abroad

the World Bank charges are very high rate of interest on outstanding as well as new loans

A country is said to be in a debt trap if it has to borrow to make interest payments on outstanding loans.

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