Number: RS21072
Title: The Financial Crisis in Argentina
Authors: J.F. Hornbeck, Foreign Affairs, Defense, and Trade Division 
Abstract: Argentina has rescheduled its financial obligations and repeatedly sought assistance from the International Monetary Fund, including the $21.5 billion stand-by agreement of March 10, 2000. Speculation in the world markets over Argentina's now limited and painful options further undermines its credibility to orchestrate a smooth outcome, increasing fears of another round of regional or global financial turmoil that could adversely affect a variety of U.S. trade and financial interests.
Pages: 6
Date: Updated June 5, 2003