VOICED : Argentina paga importante deuda a dias de las elecciones

VOICED : Argentina paga importante deuda a dias de las elecciones

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Interactive Video

Business, Social Studies, History

9th - 12th Grade

Hard

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In 2015, Argentina used its central bank reserves to pay off a $5.9 billion sovereign debt, marking one of the largest debt repayments in two decades. Cristina Fernández, alongside presidential candidate Daniel Scioli, defended the government's debt reduction policy. The debt was originally issued in 2005 under Néstor Kirchner's administration. This repayment is notable as it's the first time the issuing government has settled its own debt. To offset the loss of reserves, the government announced new bond auctions. The payment occurred just 20 days before the presidential elections, where Scioli was leading in polls but faced criticism for missing a debate.

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OPEN ENDED QUESTION

3 mins • 1 pt

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