Debt-Default

Argentina Declares Largest Sovereign Default in History on $100+ Billion Debt After IMF Austerity Collapse

2001-12-22 00:00:00 +0000 UTC | Importance: 10/10

President Adolfo Rodriguez Saá announces Argentina’s default on its foreign debt obligations to the International Monetary Fund and private creditors—the largest sovereign default in world history at that time, exceeding $100 billion. The default comes three days after the fall of President …

Adolfo Rodriguez Saá International Monetary Fund Fernando de la Rúa Argentine creditors shock-doctrine imf austerity argentina debt-default +2 more

Argentina Imposes 'Corralito' Bank Account Freeze Under IMF Austerity, Triggering Mass Protests

2001-12-01 00:00:00 +0000 UTC | Importance: 9/10

The Argentine government enacts emergency measures known as the ‘corralito’ (little corral), freezing bank accounts and limiting cash withdrawals to $250 per week, triggering the final stage of a devastating economic collapse driven by IMF-imposed austerity. The freeze comes after four …

International Monetary Fund Fernando de la Rúa Domingo Cavallo Argentine Central Bank shock-doctrine imf austerity argentina financial-crisis +2 more