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Which country has announced that it will default on all its $51 billion external debt?
A)
Nepal
B)
Thailand
C)
Sri Lanka
D)
Bangladesh

Correct Answer :   Sri Lanka


Sri Lanka, which is currently grappling with its worst economic crisis, announced default on all its external debt worth $51 billion, on April 12, 2022. The Island nation called the move a "last resort" after running out of foreign exchange to import desperately needed goods. The government's debt policy shall apply to the amounts of affected debts outstanding on April 12, 2022

Published On : April 12, 2022
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