The Sri Lanka crisis is broadcasting a warning signal for developing countries with similar economic models in this country.

The Sri Lanka government has defaulted and the country is in chaos.

Financial and political crises are taking place in many developing countries, especially in low and medium -income countries, where foreign debt witnesses have been piled up in recent years.

Many governments have unstable public finance facing difficult options.

As of June, inflation in 12 months in Sudan increased by 192%, sparking protests against the military government.

The man waited at a wholesale market in Colombo, Sri Lanka, in June. Photo: AP.

In Lebanon, the price of food has increased more than tripling over the past year, according to trading Economics, and a series of cities have only a few hours a day.

The economy is a sinking sand submerged, George Lomotey, a 25 -year -old unemployed in Ghana, added that he could not find a job since graduating from university two years ago.

Although most countries have felt the impact of fuel and food prices, the biggest concern about the financial crisis lies in large foreign borrowing countries like Sri Lanka.

These countries are currently facing higher pressure, when the price escalates and the strong dollar makes food and fuel become more expensive.

Large emerging markets such as India, Brazil or Mexico may not have this problem, William Jackson, expert at Capital Economics consulting firm, headquartered in London, UK, commented.

The Sri Lanka crisis was considered by economists to be a warning bell.

To compensate, Sri Lanka has strengthened China's loans without binding on spending cutting conditions.

While other countries have not reached such a crisis threshold, similar signs have appeared, especially in Tunisia, the country also has a sharp decline in tourism revenue like Sri Lanka.

The Tunisia government is negotiating with the IMF of the $ 4 billion relief package, but economists say that this scenario is unlikely to occur when President Tunisia Kais Sairing wants to issue a new constitution.

Last month, the protests broke out in Tunisia to protest the draft of the Constitution of the SAIED.

Air conditioning in our office previously turned on 5 hours a day, but now it is only an hour, Anour Ouafi, 62, an officer participating in the strike in Tunis in June, said.

In Pakistan, the IMF must also have interventions, when the country has almost defaulted and constantly losing power in recent weeks due to increasing fuel import costs.

According to analysts, the new agreement with IMF will help Islamabad pay fuel import bills in the coming months, but Pakistan will still face a large financial pressure in the future.

The discontent in the public is increasing.

The protesters celebrated the news that Sri Lanka Gotabaya Rajapaksa resigned on July 14.

The country also continuously increased gasoline prices and eliminated electricity subsidies.

Many Pakistan people blame the IMF for the burdens they suffer.

The IMF wants Pakistan to return loans and the government then try to remove money from people by increasing taxes and goods prices, he said.

In Ghana, inflation has increased to 29.8% in June, the highest level in the past 19 years, while the country's Cedi has lost 24% of the USD since January.

The sad thing is that Sri Lanka's situation can occur in Ghana, Sebastian Spio-Garbrah, analyst at risk consulting firm Damina Advisors, headquartered in Ghana's capital Accrra.

The unions representing teachers, health workers and Ghana civil servants said they would organize protests if the Government did not pay a 20%living allowance.

The IMF estimates that 38 developing countries in the world are at risk of debt trouble, the problem has pushed Sri Lanka into crisis.

Historical lessons show that a financial crisis will cause political crisis, Josh Lipsky, an economic expert at the Atlantic Council, said.