
In general, this refers to the case where the developing country’s external debt accumulates and the debtor does not fulfill its contractual repayment obligations. There are two types of default: when a creditor declares to a debtor, and when the debtor refuses to pay. Japanese says “Sai mu fu ri ko”.

A country in the northeastern part of the African continent called the Horn of Africa. The official name is State of Eritria. It is in contact with Djibouti in the east, Ethiopia in the south and Sudan in the west. The north faces the Red Sea, and the other side is Saudi Arabia and … Read More

Olive oil is an oil obtained from the olive (Olea europaea; family Oleaceae), a traditional tree crop of the Mediterranean Basin. It is commonly used in cooking, cosmetics, pharmaceuticals, and soaps and as a fuel for traditional oil lamps. Olive oil is used throughout the world, but especially in the Mediterranean countries.




























