SIMIC
English
editEtymology
editAs defined by the World Bank in 2004.
Noun
editSIMIC (plural SIMICs)
- (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%.