Sovereign Debt Restructurings in Emerging Markets: Major Episodes, 1982–2015

1. Mexico triggers the Latin American debt crisis

   Aug 1, 1982Labels: Mexico, Latin America

   • UPI Archives
   • Open IPE

2. Mexico’s bank nationalization deepens crisis response

   Sep 1, 1982Labels: Mexico, bank nationalization

   • UPI Archives

3. The Brady Plan shifts strategy to debt reduction

   Mar 10, 1989Labels: Brady Plan, Nicholas Brady

   • Washington Post
   • Congress gov

4. Russia devalues the ruble and restructures GKOs

   Aug 17, 1998Labels: Russia, GKO default

   • Russian Crisis

5. Argentina suspends payments on public debt

   Dec 1, 2001Labels: Argentina, sovereign default

   • CRS Report

6. Uruguay completes a high-participation debt exchange

   May 1, 2003Labels: Uruguay, debt exchange

   • IMF LOI

7. Argentina completes its major bond exchange

   Jun 2, 2005Labels: Argentina bond, bond holdouts

   • CRS Report
   • SEC Filing

8. Nigeria reaches Paris Club debt treatment agreement

   Oct 20, 2005Labels: Nigeria, Paris Club

   • Paris Club
   • CGD Blog

9. Nigeria completes Paris Club exit with final payment

   Apr 21, 2006Labels: Nigeria, Paris Club

   • CGD Blog

10. Ecuador defaults on interest payments on global bonds

    Dec 15, 2008Labels: Ecuador, bond default

    • Washington Post
    • IPS Analysis

11. Ecuador buys back most defaulted bonds

    Jun 12, 2009Labels: Ecuador, debt buyback

    • MercoPress

12. Greece executes landmark private-sector debt restructuring (PSI)

    Mar 9, 2012Labels: Greece PSI, private sector

    • ESM Explainer
    • EU Auditors

13. Ukraine agrees on bondholder deal to restructure debt

    Aug 27, 2015Labels: Ukraine, bondholder deal

    • CNBC
    • Ukraine MoF

14. Ukraine completes its 2015 sovereign bond exchange

    Nov 12, 2015Labels: Ukraine exchange, sovereign bonds

    • Ukraine MoF