In December 2001, Argentina defaulted on the largest amount of sovereign debt in history. In the immediate aftermath of that default, the Argentine economy collapsed and unemployment rose to high levels. Since December 2001, Argentina has made little progress in restructuring its private sector debt, although the Argentine economy does appear to have bottomed out.
Panelists at this event will take stock of Argentina's options for rescheduling its external debt and for designing economic policies to cope with its difficult economic situation.
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