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About: List of sovereign debt crises     Goto   Sponge   NotDistinct   Permalink

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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.