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74 countries are at risk of bankruptcy due to the pandemic

... are also at risk of default. According to the Banksta telegram channel, the experience of cryptocurrency trading conducted by the President of El Salvador was unsuccessful. It is assumed that this could have caused $11 million in damage to the budget. Bitcoins purchased for $71 million are currently worth about $60 million. Experts note that servicing loans is becoming more expensive. Whereas in the first two years of the pandemic, financial regulators cut interest rates, having made borrowing cheap, as expectations of monetary tightening grew, and so did the rates. Developing countries, led by Brazil and Russia, have been aggressively raising rates in recent months in ...

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