"" Ghana and #SriLanka defaulted on their external debt in 2022, two years after #Zambia did. #Pakistan and #Egypt are on the verge of a default. On June 30, #Pakistan secured a tentative $3bn funding deal with the International Monetary Fund (#IMF), promising it potential, short-term relief...In all, 52 developing countries are facing severe debt problems and high borrowing costs." #DebtCrisis

Is a global #DebtBomb about to explode? | Al Jazeera
https://www.aljazeera.com/features/2023/7/4/is-a-global-debt-bomb-about-to-explode