Simic Definition

abbreviation

(macroeconomics) Severely Indebted Middle Income Country.A country with an annual income of between $736 and $9,075 per capita, a debt ratio of at least 80%, and a debt/export ratio of at least 220%.

Wiktionary

Origin of Simic

  • As defined by the World Bank in 2004.

    From Wiktionary

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