Which of the following South American countries defaulted on its $93 billion international debt in 2001, but later, after restructuring its economy, did make good on its debts?
A)Ecuador
B)Brazil
C)Venezuela
D)Argentina

Question

Quizplus · Accepted Answer

Argentina defaulted on its $93 billion debt in 2001, which was the largest sovereign default at the time. After years of negotiations and restructuring, it managed to return to international credit markets and make good on its debts.

Which of the Following South American Countries Defaulted on Its