The foreign debt of the Socialist Republic of Romania were loans made by Socialist Republic of Romania under Nicolae Ceaușescu 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.
Nicolae Ceaușescu currently lives in Romania.
It doesn't say where he lives currently anywhere in the text and we can't infer it based on the text. It's difficult because Romania is mentioned closely to Nicolae in the sentences and the past tense is used.