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%.
Famous quotes containing the word simic:
“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)
“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)
“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)