VOICED : Argentina cae en default y acelera la renegociación de su deuda

VOICED : Argentina cae en default y acelera la renegociación de su deuda

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Interactive Video

Business, Social Studies, History

9th - 12th Grade

Hard

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Quizizz Content

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Argentina has defaulted on its debt for the second time this century, failing to pay $500 million in bond interest. The government is negotiating with creditors to restructure $66 billion in foreign debt. Economic challenges, including a 53% inflation rate in 2019 and rising poverty, have made debt repayment difficult. The COVID-19 pandemic has further strained the economy, requiring subsidies to support businesses and vulnerable populations. This marks Argentina's ninth default, with the last major default in 2001 leading to a severe economic crisis.

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