Argentina's landmark default came in December 2001. It also defaulted technically in 2014 and again on 22 May 2020, then restructured about US$65 billion of bo…
Gross reserves topped US$50 billion on 15 Oct, but no staff-level agreement on the third review had been found.
The Treasury arranged funding for the July coupon and principal. A post-payment confirmation was not found.
Total disbursements reached about US$15.8 billion. A net-reserves target was missed; inflation fell to 31.5% in 2025.
The IMF approved a 48-month Extended Fund Facility, with US$12 billion released at once.
The official peso was devalued about 54% on 12 December as spending cuts began.
No. Repayments were rescheduled over a longer period with new policy targets.
Foreign-law bonds were exchanged, with 99.01% restructured after 93.55% acceptance.
After a 30-day grace period, Argentina missed interest payments and said it would pay only after a restructuring deal.
About US$44.5 billion was drawn before the programme was cancelled in July 2020.
A US judge blocked payments on restructured bonds unless holdouts were paid. Settled in April 2016.
Recession, a rigid peso peg, bank limits and mass protests ended with payments on most public debt suspended.
Read the complete story, FAQs and key facts.