7 nations on the verge of bankruptcy

7 nations on the verge of bankruptcy

1. Ukraine Ukraine has faced financial difficulties as a result of its involvement in a protracted battle with Russia

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2. Argentina Argentina declared bankruptcy in 2001 as a result of its debt ballooning to more than $130 billion.

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3. Sri Lanka The most recent instance of a country going bankrupt due to its inability to pay back its foreign loans is Sri Lanka.

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4. Tunisia There are numerous African nations seeking IMF assistance, but Tunisia stands out as one of the most fragile.

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5. Russia Russia, a country known for its spectacular financial events, has declared bankruptcy nine times in all throughout history.

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6. Egypt Economic experts and investors have taken a keen interest in Egypt's debt-to-GDP ratio, which is around 95%, leading to a notable outflow of cash.

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7. Jamaica For a nation with such a poor ranking, Jamaica is sporting a bright mindset.

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