Mongolia, which has welcomed foreign investment to exploit its huge natural resources, including coal, has plans to borrow $1bn over the next year; but with its currency, the tugrik, declining sharply, it could be hit hard if the economic boom of recent years comes to an end.
Countries at high risk of government external debt crisis
Cape Verde
■ Dominica
■ Ethiopia
■ Ghana
■ Laos
■ Mauritania
■ Mongolia
■ Mozambique
■ Samoa
■ Sao Tome e Principe
■ Senegal
■ Tanzania
■ Uganda
Countries currently in government external debt crisis
■ Armenia
■ Belize
■ Costa Rica
■ Croatia
■ Cyprus
■ Dominican Republic
■ El Salvador
■ The Gambia
■ Greece
■ Grenada
■ Ireland
■ Jamaica
■ Lebanon
■ Macedonia
■ Marshall Islands
■ Montenegro
■ Portugal
■ Spain
■ Sri Lanka
■ St Vincent and the Grenadines
■ Tunisia
■ Ukraine
■ Sudan
■ Zimbabwe
http://www.theguardian.com/business/201 ... ebt-crises
http://jubileedebt.org.uk/wp-content/up ... _07.15.pdf