Sri Lanka Is Not Bankrupt! – Countries Don’t Go Bankrupt
Posted on October 15th, 2024
Prof. Hudson McLean
Countries Don’t Go Bankrupt
Countries Do Not & Cannot Go Bankrupt!
Sri Lanka Is Not Bankrupt!
“Countries don’t go out of business….The infrastructure doesn’t go away, the productivity of the people doesn’t go away, the natural resources don’t go away.
And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that’s very different from a company.”
Walter Wriston
Citicorp Chairman
“The time bomb was the debt burden and grotesquely high interest rates being carried by the Third World to the profit of the Western banks.”
Les Gibbard
List of Countries by External Debt
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
10 Great Countries without Public Debt
https://www.clearfinances.net/countries-without-public-debt/
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