WEBCAST | Argentina: Teetering on the Edge
Refresh your browser window if stream does not start automatically.
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.
The Argentina Project is the premier institution for policy-relevant research on politics and economics in Argentina. Read more
Latin America Program
The Wilson Center’s prestigious Latin America 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 policy 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
Thank you for your interest in this event. Please send any feedback or questions to our Events staff.