Which is the first state in Asia-Pacific region to enter sovereign default in the 21st century?

  • A. Africa
  • B. Malaysia
  • C. Sri Lanka
  • D. Bangladesh

Correct Answer: C. Sri Lanka

In April 2022, the Sri Lankan government announced that it was defaulting, making it the first sovereign default in Sri Lankan history since its independence in 1948 and the first state in Asia-Pacific region to enter sovereign default in the 21st century.

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