With debts of more than $50 billion (E48.5 billion) owed to foreign creditors, Sri Lanka is fast running out of gasoline medicine and food. Last month, the Sri Lankan government rationed the supply of fuel to essential services such as transport, health and food deliveries in an effort to “conserve the little reserves we have,” the government said. The island nation’s 22 million people have suffered months of surging inflation and lengthy power cuts after the government ran out of foreign currency to import essential goods. Is Sri Lanka bankrupt ?

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