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A rampant dollar at a two-decade high crushing most currencies' buying power in international markets, fears of an economic downturn and burned foreign exchange reserves point to a record number of developing nations now in dire straits.
New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs
12 countries, including Pakistan, are in the danger zone of economic default due high debt-gdp ratio, interest repayment and soaring inflation.
Lebanon, Sri Lanka, Russia, Suriname and Zambia already in default, Belarus on the brink.
Sri Lanka, Lebanon, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least another dozen are in the danger zone as rising borrowing costs, inflation and debt all stoke fears of economic collapse.