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Discussion Forum : Talkies - Latest Current Affairs (Q.No. 23)

2024-02-11 Talkies

23.

Which country has been cautioned by the IMF about the risk of "debt distress"?

Maldives

Nepal

Sri Lanka

Pakistan

Answer: Option

Explanation:

The IMF has expressed concerns about Maldives' heavy borrowing from China, warning of potential "debt distress." This situation has emerged following increased funding from China under the leadership of a pro-China president, prompting worries about Maldives' debt repayment capability.