External public borrowing and International Finance Corporation (IFC) terms

Abstract

Public loans are one of the extraordinary sources used by countries and governments to finance their financial needs due to a variety of reasons and factors of an economic and financial nature. This resort may result from a contract or conclusion of a set of legal and economic effects, which initially represent an obligation or a group of financial obligations with high burdens that may negatively or positively affect the financial position of the State according to financial and economic factors that determine the outcome and nature of these effects. Therefore, many countries avoid resorting to borrowing because there are several caveats, despite the financial temptations and credit facilities that are achieved when obtaining the public loan.

Keywords

• external public borrowing
• international finance corporation (ifc)