Country was bankrupt

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According to CNN, Sri Lankan Prime Minister Ranil Wickremesinghe said that his country was "bankrupt" on 5 July 2022. A Wall Street Journal article by Tankah Ishan (2022)1 mentioned that some critics argued that loans from Beijing may play a role in this so-called "debt-trap diplomacy", meaning loans were granted to make the country dependent on China. Please discuss whether you agree or disagree with the criticism above, and why.

Reference no: EM133272642

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