What happens if a country goes bankrupt?

Question: What happens if a country goes bankrupt?

If a country goes bankrupt, it will not be able to trade well with the rest of the world. But often in such a situation, if the friendly country is powerful, then perhaps that country can be helped to stand again. For example, Sri Lanka has borrowed so much from China that it has to lease its territory, but according to the recent news, India has announced help to get Sri Lanka out of this trouble.

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