Sri Lanka Crisis News: Many developing countries of the world are in danger. Where there is a danger of a situation like Sri Lanka. This list is long, although the reason for this is common. In such a situation, the situation of these cities can be like Colombo, this has been disclosed in this report.

Bloomberg Report on Sri Lanka Crisis:  The economy of many countries of the world is on the verge of sinking. China’s debt has badly caught the economy of many countries in its clutches. In such a situation, the situation there can also be as sad and serious as Sri Lanka.

Cause one danger many

According to the Bloomberg report, there is a big threat to the economy of many emerging markets and developing countries of the world. The reason for this is nothing but the inability to repay the foreign debt of these countries. Due to this loan, Sri Lanka has been suffering from economic instability for a long time.

Sri Lanka was the first country among the countries going through the crisis of billions of rupees, which stopped paying its foreign bondholders in 2022 this year. This decision must have been taken because the politicians here must have guessed the fuel crisis which is continuously deepening with the shortage of food items in the country. Because of this, the resentment towards the government of the country increased continuously among the people of Sri Lanka

Clouds of crisis over these countries

These are the countries facing the invisible threat, which in the Bloomberg report have been considered as defaulters who are not in a position to repay their debt. These countries in this list include many countries like El Salvador, Ghana, Egypt, Tunisia, Kenya and Pakistan.

(Image Credit: Bloomberg)

The boom after the Russo-Ukraine war

Since Russia’s attack on Ukraine, the number of countries that have not been able to repay their debt has increased, which have not been able to recover from the problem of non-payment. People associated with organizations like World Bank Chief Economist Carmen Reinhart and Elliott Management Portfolio have also expressed concern over such situations.

Many countries buried in China’s debt

However, many of these countries are burdened with heavy debt from China. Some time ago, America had warned many countries not to fall into the trap of cheap debt of China. Then America had said that at present the crisis of Sri Lanka and Pakistan is in front of the whole world. Both of them are trapped in the debt trap of China. Apart from this, both of these are a clear indication to the whole world that how its effect can be bad.

Looking at the current situation in Sri Lanka, the recent Bloomberg report is pointing to the countries where the situation can go from bad to worse.

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