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Gross external debt, at any given time, is the outstanding amount of those actual current, and not contingent, liabilities that require payment(s) of principal and/or interest by the debtor at some point(s) in the future and that are owed to nonresidents by residents of any economy.
The fifth edition of the International Monetary Fund's Balance of Payments Manual and External Debt Statistics: Guide for Compilers and Users (External Debt Guide) provide the methodological framework for compilation of the external debt.
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