SIMIC

English

Etymology

As defined by the World Bank in 2004.

Noun

SIMIC (plural SIMICs)

  1. (macroeconomics) Acronym of 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%.

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