Questions and Answers about
Sri Lanka
-
—
in BusinessWhich countries had their debt defaulted (failed to pay their foreign bondholders) in 2022?
Answer: Sri Lanka was the first nation to stop paying its foreign bondholders in May 2022. Russia followed in June due to sanctions the West laid amid the Ukraine war. El Salvador, Ghana, Egypt, Tunisia, and Pakistan are currently considered vulnerable to default but have not yet failed to pay their foreign bondholders.
