Sovereign Debt Crisis

Greece defaulted on its sovereign debt in March 2012, the largest sovereign default in history by fa...

Argentina defaulted on 93 billion in sovereign debt in December 2001, then the largest sovereign def...

Argentina defaulted again on July 30, 2014, after a US court ruled that Argentina could not pay rest...

Russia defaulted on 40 billion in domestic debt on August 17, 1998. The Russian government had finan...

Greece defaulted on a 1.6 billion IMF payment on June 30, 2015, becoming the first developed country...

Venezuela defaulted on its sovereign debt in November 2017. The country had 60 billion in outstandin...

Lebanon defaulted on 1.2 billion in Eurobond payments in March 2020, its first sovereign default. Le...

Sri Lanka defaulted on its sovereign debt in April 2022. The country faced severe shortages of fuel,...

Zambia defaulted on its Eurobond debt in November 2020, the first African country to default during ...

Ghana defaulted on most of its external debt in December 2022. The default affected approximately 13...

South Korea was pushed to the brink of sovereign default in December 1997. The Asian Financial Crisi...

Thailand devalued the baht on July 2, 1997, triggering the Asian Financial Crisis. The baht had been...

Indonesia was the worst affected country in the Asian Financial Crisis. The rupiah lost 80 percent o...

Mexico experienced the Tequila Crisis in 1994 to 1995. The peso was devalued in December 1994 after ...

Ecuador defaulted on 3.2 billion in Global 2012 bonds in December 2008. President Rafael Correa call...