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WEBCAST | Argentina: Teetering on the Edge

Date & Time

May. 21, 2020
10:00am – 11:00am

Location

Webcast Only

WEBCAST | Argentina: Teetering on the Edge

Argentina is teetering on the edge of its ninth sovereign default, as a May 22 deadline approaches for an agreement between the Fernández administration and creditors over restructuring the country’s $65 billion in foreign law debt. Argentina is all but locked out of capital markets, but a default could dry up foreign investment and shred the country’s credibility with markets.
 
Argentina’s strategy towards debt restructuring has garnered support from diverse quarters, including Pope Francis, the International Monetary Fund and world renown economists like Jeffrey Sachs, Carmen Reinhart and Nobel laureate Joseph Stiglitz. Nevertheless, creditors rejected Argentina’s initial proposal, which would have suspended payments for three years, cut interest payments by 62 percent and reduced principal by 5.4 percent.
 
Please join us on Thursday, May 21, from 10:00 am to 11:00 am, for a videoconference on this high-stakes face-off, as we discuss how Argentina ended up once again flirting with default, its possible path to debt sustainability and the potential implications of a failure to come to terms with creditors.


Hosted By

Argentina Project

The Argentina Project of the Latin American Program, aspires to be the premiere institution for policy-relevant research on the political and economic reforms underway in Argentina. The project will be a valuable resource for senior officials in the U.S. and Argentine governments, lawmakers, investors, diplomats, and journalists.  Read more

Latin American Program

The Wilson Center’s prestigious Latin American Program provides non-partisan expertise to a broad community of decision makers in the United States and Latin America on critical policy issues facing the Hemisphere. The Program provides insightful and actionable research for policymakers, private sector leaders, journalists, and public intellectuals in the United States and Latin America. To bridge the gap between scholarship and policy action, it fosters new inquiry, sponsors high-level public and private meetings among multiple stakeholders, and explores policy options to improve outcomes for citizens throughout the Americas. Drawing on the Wilson Center’s strength as the nation’s key non-partisan forum, the Program serves as a trusted source of analysis and a vital point of contact between the worlds of scholarship and action.  Read more

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