The Museum of Foreign Debt ( es, Museo de la Deuda Externa) was opened on April 28, 2005, in

Buenos Aires Buenos Aires ( or ; ), officially the Autonomous City of Buenos Aires ( es, link=no, Ciudad Autónoma de Buenos Aires), is the capital and primate city of Argentina. The city is located on the western shore of the Río de la Plata, on South ...

Argentina Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the second-largest country in South America after Brazil, th ...

. The

museum A museum ( ; plural museums or, rarely, musea) is a building or institution that cares for and displays a collection of artifacts and other objects of artistic, cultural, historical, or scientific importance. Many public museums make thes ...

highlights the dangers of borrowing money from abroad. There are no English translations in the museum, everything is in the Spanish language. The

1998–2002 Argentine great depression The Argentine Great Depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed the fifteen years stagnation and a brief period of free-market reforms. ...

that drove the 2001 riots in Argentina prompted the largest foreign debt default in history – approximately $100 billion

USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

. The museum is located at the Faculty of Economic Sciences of the

University of Buenos Aires The University of Buenos Aires ( es, Universidad de Buenos Aires, UBA) is a public research university in Buenos Aires, Argentina. Established in 1821, it is the premier institution of higher learning in the country and one of the most prestigi ...

, and shows the debt's history, how it grew, and the responsible parties for each action since the first attempt of independence in 1810. The museum has no entrance fee.

External links

Clarin newspaper
(Spanish)
BBC
(Spanish)
Nunca Más (Never Again). The Museum of Foreign Debt Finnegan, Brian. The Public Historian. Santa Barbara Vol. 28, Iss. 2, (Spring 2006): 113-117.The Museum of Foreign Debt, a museum without a collection. Maza, María Del Carmen and Cordero, Graciela Weisinger
Museums of economics Museum of Foreign Debt

Foreign Debt A country's gross external debt (or foreign debt) is the liabilities that are owed to nonresidents by residents. The debtors can be governments, corporations or citizens. External debt may be denominated in domestic or foreign currency. It incl ...

Museums established in 2005 History museums in Argentina Museum of Foreign Debt University of Buenos Aires 2005 establishments in Argentina {{Argentina-museum-stub

See also

External links