Determine if the sentence is true based on the text below:
The Socialist Republic of Romania could not afford on its own to purchase the technology, equipment, and raw materials necessary for the country to industrialize

The foreign debt of the Socialist Republic of Romania were loans made by Socialist Republic of Romania under Nicolae Ceausescu from international creditors denominated in hard currencies. These loans were used to buy technology, equipment and raw materials needed for the industrialization of the country.
Yes