Justifications for developing countries to resort to foreign loans

Authors

  • Nouri Rashid Nouri University of Karbala, College of Law
  • ALI DEAA HUSSEN ALSHEMERY University of Kufa, Faculty of Administration and Economics

DOI:

https://doi.org/10.36325/ghjec.v19i2.14292

Keywords:

developing countries, foreign loans

Abstract

International finance is one of the important topics concerned with the international economy, and it expresses the movement of capital from countries where there is a surplus to countries that have a deficit according to specific mechanisms, and international finance has evolved through successive stages of time that have given it great importance in the contemporary economy Finance has become one of the basic components for the development of productive forces   The importance of the research is shown by demonstrating the importance of external financing significantly at the present time, as the world is witnessing extensive international economic relations, and it is the main element of contemporary economic activities because financing provides the monetary requirements for economic activities in order to continue and expand these activities, so it requires the provision of the necessary financing for activities .The research problem lies in the statement of the importance of international financing for both borrowing countries and lending countries and its implications on the scientific economy, and the research depends on the analytical approach to agreements on external loans and also for the real internal and external reasons for the resort of developing countries to foreign loans.

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Published

2023-06-30

How to Cite

Nouri, N. R. and ALSHEMERY, A. D. H. (2023) “Justifications for developing countries to resort to foreign loans”, Al-Ghary Journal of Economic and Administrative Sciences, 19(2), pp. 25–54. doi: 10.36325/ghjec.v19i2.14292.

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