Argentina’s long history of debt defaults
Argentina has gone into default many times in its history, and the compulsory re-profilings of short-term notes by Hernán Lacunza in 2019 and Martín Guzmán in 2020 were clearly another instance of this.
With negotiations ongoing on whether this default will extend to international bonds, we’ve looked at the historical record of Argentina’s default-like events and found there are nine of them, although in our interpretation only five should be really counted as such. An additional four events of big significance are counted as defaults, although we see that categorization as a stretch. Let’s go over the record: