Even after leading creditors and the Paris Club have assured that they will re-structure debt of Sri Lanka, the International Monetary Fund (IMF) bailout has not been cleared yet due to unclear assurance given by other creditors including China to restructure debt of Sri Lanka. An IMF spokesperson said that they welcome the recent statement by the Paris Club to provide financing assurances to Sri Lanka following the assurances provided by India but added the country still needs assurance from other creditors. What is your take on a country being bankrupt ?
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