2001 Crisis in Argentina: An IMF-Sponsored Default? (A), Spanish Version Harvard Case Solution & Analysis

During this riot, the shops were looted, buildings were burnt, and more than 22 were people killed. The whole government had to step down.

Numerous presidents shuffled through the presidential palace, each apparently more helpless to face the disaster than the last. The nation's economic situation continued to deteriorate, and Argentina shortly defaulted on its $141 billion in foreign debt owed in the biggest sovereign default in history. It was inJanuary 2, 2002, when Argentina's Congress selectedEduardo Duhalde interim president --and would serve as Argentina's fifth president in fourteen days. At the helm of the flailing economy of Argentina, he'd several significant choices to make. Among these were -long peg to the dollar under the Convertibility Plan.

PUBLICATION DATE: October 27, 2003 PRODUCT #: 707S21-HCB-SPA

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