Mohamed Taha malik

Why a country becomes default

A country may default on its debt when it is unable to meet its financial obligations to its creditors, either by missing payments or failing to repay the principal amount of the debt when it is due. A default can occur due to a number of reasons, including economic mismanagement, political instability, natural disasters, or external shocks. In this essay, we will explore some of the common reasons why a country may default on its debt and the implications of such a default.