The Lost Decade began in 1990 when Colombia announced that it lacked the international reserves it needed to pay the interest and principle due on its foreign debt.

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The Lost Decade refers to a period of economic stagnation and political crisis in Latin America from the mid-1970s to the mid-1980s, and Colombia's debt crisis occurred in the early 1980s, before the start of the Lost Decade.

The Lost Decade Began in 1990 When Colombia Announced That