The The Federal Reserve's increase in interest rates Federal Reserve to combat inflation is a serious headache for highly indebted countries, which will have to devote more of their resources to paying interest on their debt.The Federal Reserve's interest rate hike to combat inflation is a serious headache for highly indebted countries, which will have to devote more of their resources to paying interest on their debt. Some of them are at high risk of defaulting on their payments.

Do you know which country has the highest risk of default these days?

ANSWER

El Salvador- The Central American country, which has a dollarized economy and was the first to adopt bitcoin as its national currency, leads the ranking prepared based on information from Bloomberg and plotted by Visualcapitalist. El Salvador's sovereign debt interest payment represents 4.2% of GDP and faces a maturity of US$800 million in January 2023.