Simic

SIMIC

In macroeconomics, SIMIC stands for Severely Indebted Middle Income Country. This was defined by the World Bank in 2004 as a country with an annual income of between $736 and $9,075 per capita, a debt/GNI ratio of at least 80%, and a debt/export ratio of at least 220%.

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Famous quotes containing the word simic:

    “They are sworn enemies of lyric poetry.
    In prison they accompany the jailer,
    Enter cells to hear confessions.
    Their short-end comes down
    When you least expect it.”
    —Charles Simic (b. 1938)

    “This strange thing must have crept
    Right out of hell.
    It resembles a bird’s foot
    Worn around the cannibal’s neck.”
    —Charles Simic (b. 1938)

    “There are knives that glitter like altars
    In a dark church
    Where they bring the cripple and the imbecile
    To be healed.

    There’s a woden block where bones are broken,
    Scraped clean—a river dried to its bed”
    —Charles Simic (b. 1938)