Which country's government will be the most affected by the COVID-19 global pandemic, and be the first to go bankrupt, and default?
In my opinion, countries in the top poor and not having drastic measures to prevent pandemic in the first place are likely to go bankrupt and default first. They don't have enough human and financial resources to fight for a long time, before major countries (countries can help them) quell the epidemic and the world economy temporarily recover.