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List of sovereign debt crises information


The list of sovereign debt crises involves the inability of independent countries to meet its liabilities as they become due. These include:

  • A sovereign default, where a government suspends debt repayments
  • A debt restructuring plan, where the government agrees with other countries, or unilaterally reduces its debt repayments
  • Requiring assistance from the International Monetary Fund or another international source

Debts could be owed either to private parties within a country, to foreign investors, or to other countries.

The following table includes actual sovereign defaults and debt restructuring of independent countries since 1557.[1]

  1. ^ Reinhart, Carmen M.; Rogoff, Kenneth S. (2009). This Time is Different: Eight Centuries of Financial Folly. Princeton University Press. pp. 23, 87, 91, 95, 96. ISBN 978-0-691-14216-6.

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