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Ecuador's Debt Default: Exposing a Gap in the Global Financial Architecture
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Ecuador's Debt Default: Exposing a Gap in the Global Financial Architecture

When the government of Ecuador failed to make a scheduled interest payment on private bonds today, it was hardly the first time a country had defaulted in the middle of a financial crisis. In fact, it wasn't even the first time for Ecuador. The small South American country did so just 10 years ago, at a time when the economy was reeling from natural disasters and a drop in oil prices.

Posted in economic policy, global trade, Latin America