In recent years, the entire world has been experiencing severe economic crisis. Sri Lanka was involved a few months ago, and Pakistan is now. These two Asian nations’ economies are in total disarray as a result of their debt trap.
Watch this Video to Know More About What occurs when a nation doesn’t pay its sovereign debts?
The residents of the nation are faced with severe issues as a result of a decline in the purchasing power of their money. Being listed as a defaulter on its national debt is therefore never a smart choice.
