Kukop Harusi, kulipa matanga: Kosa ni pale nchi inakop[a pesa ambazo hazizalishi, etu unmtu anakopa pesa za kujengea vtyoo, au hela za kulipia viongozi poshoa za mikutano na safari.
After Lanka, Pak on verge of loan default
New Delhi, July 9
After Sri Lanka and Zambia defaulted on their sovereign reserves and are also left with no forex reserves, Pakistan could be among the next lot of countries to face a difficult time, according to international rating agencies.
Turkey, Egypt, Tunisia, Ethiopia, Pakistan, Ghana and El Salvador are in immediate danger of being unable to repay debts, according to Bloomberg, which expects a cascade of defaults among emerging markets due to rising energy and food prices and global interest rates.
On the other hand, Fitch Ratings has identified 17 countries, which could be on the verge of default. Russia has been included in the list because despite having the money, it has been unable to pay its foreign creditors due to sanctions. — TNS
Others on list
Lebanon, Tunisia, Ghana, Ethiopia, Ukraine, Tajikistan, El Salvador, Suriname, Ecuador, Belize, Argentina, Russia, Belarus and Venezuela
Tunisia na Venezuela wana mafuta lakini yanatumika vibaya