Latin American debt crisis

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The Latin American debt crisis (Spanish: Crisis de la deuda latinoamericana; Portuguese: Crise da dívida latino-americana) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as La Década Perdida (The Lost Decade), when Latin American countries reached a point where their foreign debt exceeded their earning power and they could not repay it.

Excerpt from the Wikipedia article “Latin American debt crisis”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

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