For the first time since independence, Kenya’s government has been unable to pay civil servants on time, besides that the cost of living has been rocketing and the economic situation worsening. This raises the question in people’s minds, is Kenya going to be declared bankrupt? How does a country go broke and what are the ramifications? A Look at Sri Lanka Let’s have a look at Sri Lanka. Sri Lanka was in the midst of a rising financial and humanitarian catastrophe, with predictions that it could be declared bankrupt in 2022 as inflation reached new highs, food prices skyrocket, and … Continue reading Poverty-Stricken 254. What Happens When A Country Goes Bankrupt?