Reports claim at least 19 emerging economies are at risk of default. They are facing a perfect storm of rising expenses and falling foreign exchange reserves. What can these countries do to avoid going the Sri Lanka way? Palki Sharma tells you.
#Gravitas #SriLanka #ForeignExchangeReserves
About Channel:
WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
Subscribe to our channel at
Check out our website:
Connect with us on our social media handles:
Facebook:
Twitter:
Follow us on Google News for latest updates
Zee News:-
Zee Bussiness:-
DNA India:-
WION:
Zee News Apps :
source
Rid the world of career politicians is a great start.
Debt to gdp ratio alone is not a good parameter by means of determining. Debt to gdp ratio is normally higher on developed countries
Malaysia could be next, gladly I've moved away from there to start a new life
Jai Hinduja. Corrupt politicians like to borrow in US dollars for salting away in Western banks in the many tax havens. Now with rising US dollars,. they cannot even repay the interests to the lender. Call in the IMF whose normal antidotes are 1) Tighten your belt by cutting civil service employment, subsidies, state spending etc and, 2) Privatise all your state assets to buyers.
Smart leadership 😂😂😂😂😂
The IMF fuels these issues, they don't relieve them, they post-pone them.
If Ghana wasn't mentioned I would have been shocked. It's hell here 😢
I sold all my investments, and canceled all debt I could. At least for the next 3 years. The world economy is too shaky.
India is the next
Next – Afghanistan, Democratic Republic of the Congo, Ethiopia, Haiti, Nigeria, Pakistan, South Sudan, Sudan, Syria and Yemen.
Debt jubilee incoming GESARA
They should start using the US dollar as their default currency
In Sri Lanka new government Ranil government started talking people how protesters against Rajapksa government police and Army talking people just taking in the streets and they go to House to house take people no deeds no information no paper’s don’t know for what police and Army come and taking them no proceeder no Sri Lanka Cot paper’s just verbally they doing can they do like that 🤷♀️
If India can't concur it's monetary poverty who can
IMF help? Imf will be robbing
"It's almost like a perfect storm." Too perfect.
those fool leaders had no business taking loans that they couldn’t pay, Likewise in United States none of the state and local governments have any business taking federal money because it increases the problem of the federal government, they are not getting enough money from taxpayers to finance their lavish spending.
Loans to countries that cannot repay are actually a way of making slaves are the people in those countries.
One big question is why don’t government leaders accept the laws of economics.
is the reason of corruption forgotten to explain
You forgot to add the 100s of billions that were given out by governments to their mates as pandemic loans that just got forgiven and forgotten about.
When your country have nukes, the word debt does not exist.
Regular people are getting screwed
Petronas subsidiaries seized as lawyers push $15bn case on Malaysia
Two Luxembourg subsidiaries of Malaysian state oil company Petronas have been seized by the descendants of a late sultan, lawyers said, in a dramatic escalation of a $15 billion legal dispute connected to an agreement signed 144 years ago, reported the Financial Times.
Will Suffering Ever End?The Bible says:God will wipe all tears from thier eyes,and there will be no more death,suffering,crying or pain.-Revelation 21:3,4.
What that can mean for you.
•Assurance that God does not cause our problems-James 1:13
•Comfort from knowing that God feels for us when we suffer-Zechariah 2:8
•Hope that all suffering will end.Psalm 37:9-11
…A Worldwide Debt Jubilee…?
"A Debt-Jubilee is a Clearance of Debt from Public (National?) Records across a wide Sector, or a Nation. Such a Jubilee was proposed as a solution to Debt incurred, or anticipated during the COVID-19 Recession.
The American Economist, Michael Hudson, is a proponent of a Debt-Jubilee, writing in a Washington Post op-ed that it was an alternative to a depression. Similarly, Anthropologist, David Graeber, pointed to Kings' historical use of Debt Jubilees during Regime Changes to suggest that a Debt Jubilee would have been an appropriate response to the 2008 Financial Crisis."
With democracy you will never get sound long term decisions. This is because the politician in charge is looking to win the next election. So they often make good short term decisions that have detrimental long term effects, in order to appease the masses.
WORLD ECONOMIC FORUM <————
All of them if the WEF has their say.
Hmmm wait there is a problem very few talk about. Why did the crops fail?
Buy Bitcoin, dude….
Justin Castro is next cause idk what he’s on? But it can’t be coke.
The big flush. Swirling in the toilet bowl. Glad I don't live in a Third World hellhole.
Russia and China from the looks of it then us and rest of world most likely.
Banking families are to blame
let your mind be at peace and create your own life,
What is India's debt to GDP ratio?
Oh it's getting exciting isn't it!!!
The WEF and WHO have literally stolen the future from these countries. It was a plandemic to kill economies as well as people. It is a perfectly planned storm.
All "developing" countries should concentrate on growing ALL their own food as a priority and reduce dependence on other countries – especially the "rich" ones.
BTC
Africa sold itself to China
US and EU are the Looters of this world. They are the biggest Currency manipulators, US and Arab nations are into Oil cartel and they manipulate demand and supply and keeping oil prices at exorbitant levels. They get all the earning of other countries through world-bank and IMF loans. Therefore, keep US away from oil purchase, currency domination and defense purchases. All countries should boycott US. It is also necessary to double the prices of exports from the country immediately.
'Zombie economy' what a word to define ours.Still parasite politicians (who thinks money grows on trees) are preparing for election despite of bankrupted internal economy.
Agenda 2030 playing out exactly as planned…….take out these countries and the world population decreases by millions,,,,,agenda 2030
Send recovery notices to defaulters countries and stop finance loans without security.
Now this is what I call concise, stimulating, educational, practical news. No soap opera here. Thank you Palki.
Where does the IMF get its money?