America

Countries with the Highest Default Risk in 2022

In May 2022, the South Asian nation of Sri Lanka defaulted on its debt for the first time. The country’s government was given a 30-day grace period to cover $78 million in unpaid interest, but ultimately failed to pay.

Not only does this impact Sri Lanka’s economic future, but it also raises an important question: which other countries are at risk of default?

People in the city and county of Los Angeles, California have suffered under some the more extreme coronavirus crackdown measures in America. And, one of those authoritarian measures — the county’s mask mandate — may be about to make a comeback under county policy to automatically reimpose the mandate if the coronavirus “community transmission” in the county is determined to have risen to what the Centers for Disease Control and Prevention (CDC) considers “high” and stay at that level for two weeks.