China and Argentina Facing Global Debt Post-Covid-19: Divergent Strategies within the DSSI and the Common Framework

This article examines the responses of China and Argentina to the debt crisis exacerbated by the Covid-19 pandemic and the implementation of the DSSI and the Common Framework. China, as the leading emerging official creditor, employed a strategy of moderate confrontation, seeking to balance its coop...

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Autores principales: Nemiña, Pablo, Palombo, Alejandro
Formato: Artículo revista
Lenguaje:Español
Publicado: Universidad Nacional de Rosario 2024
Materias:
Deuda soberana
Argentina
China
DSSI
Marco común
Sovereign Debt
Common Framework
Acceso en línea:https://cupea.unr.edu.ar/index.php/revista/article/view/224
Aporte de:
Cuadernos de Política Exterior Argentina de Universidad Nacional de Rosario
id I15-R226-article-224
record_format ojs
spelling I15-R226-article-2242024-12-31T16:43:18Z China and Argentina Facing Global Debt Post-Covid-19: Divergent Strategies within the DSSI and the Common Framework China y Argentina frente al endeudamiento global post-Covid-19: Estrategias divergentes en el marco de la DSSI y el Marco Común Nemiña, Pablo Palombo, Alejandro Deuda soberana Argentina China DSSI Marco común Sovereign Debt Argentina China DSSI Common Framework This article examines the responses of China and Argentina to the debt crisis exacerbated by the Covid-19 pandemic and the implementation of the DSSI and the Common Framework. China, as the leading emerging official creditor, employed a strategy of moderate confrontation, seeking to balance its cooperation with multilateral organizations and its criticism of Western leadership. In contrast, Argentina, facing a debt restructuring, used these platforms to advocate for more equitable conditions for middle-income countries and to ease fiscal constraints. The study explores how these different strategies reflect each country’s aspirations on the global financial stage, highlighting that despite sharing G20 membership and belonging to the Global South, their approaches to debt management show significant divergences driven by their respective contexts and resources. Este artículo examina las respuestas de China y Argentina ante la crisis de endeudamiento acentuada por la pandemia de Covid-19 y la implementación de la DSSI y el Marco Común. China, como el principal acreedor oficial emergente, empleó una estrategia de confrontación moderada, buscando equilibrar su cooperación con los organismos multilaterales y su crítica al liderazgo occidental. En contraste, Argentina, enfrentando una reestructuración de deuda, utilizó estas plataformas para abogar por condiciones más equitativas para países de renta media y aliviar las restricciones fiscales. El estudio explora cómo estas diferentes estrategias reflejan las aspiraciones de cada país en el escenario financiero global, resaltando que, a pesar de compartir la membresía del G20 y la pertenencia al Sur Global, sus enfoques hacia la gestión de la deuda muestran divergencias significativas impulsadas por sus respectivos contextos y recursos. Universidad Nacional de Rosario 2024-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/html https://cupea.unr.edu.ar/index.php/revista/article/view/224 10.35305/cc.140.224 CUPEA Cuadernos de Política Exterior Argentina; Núm. 140 (2024): Julio-Diciembre 1852-7213 0326-7806 spa https://cupea.unr.edu.ar/index.php/revista/article/view/224/254 https://cupea.unr.edu.ar/index.php/revista/article/view/224/255 Derechos de autor 2024 Pablo Nemiña, Alejandro Palombo https://creativecommons.org/licenses/by-nc-sa/4.0
institution Universidad Nacional de Rosario
institution_str I-15
repository_str R-226
container_title_str Cuadernos de Política Exterior Argentina
language Español
format Artículo revista
topic Deuda soberana
Argentina
China
DSSI
Marco común
Sovereign Debt
Argentina
China
DSSI
Common Framework
spellingShingle Deuda soberana
Argentina
China
DSSI
Marco común
Sovereign Debt
Argentina
China
DSSI
Common Framework
Nemiña, Pablo
Palombo, Alejandro
China and Argentina Facing Global Debt Post-Covid-19: Divergent Strategies within the DSSI and the Common Framework
topic_facet Deuda soberana
Argentina
China
DSSI
Marco común
Sovereign Debt
Argentina
China
DSSI
Common Framework
author Nemiña, Pablo
Palombo, Alejandro
author_facet Nemiña, Pablo
Palombo, Alejandro
author_sort Nemiña, Pablo
title China and Argentina Facing Global Debt Post-Covid-19: Divergent Strategies within the DSSI and the Common Framework
title_short China and Argentina Facing Global Debt Post-Covid-19: Divergent Strategies within the DSSI and the Common Framework
title_full China and Argentina Facing Global Debt Post-Covid-19: Divergent Strategies within the DSSI and the Common Framework
title_fullStr China and Argentina Facing Global Debt Post-Covid-19: Divergent Strategies within the DSSI and the Common Framework
title_full_unstemmed China and Argentina Facing Global Debt Post-Covid-19: Divergent Strategies within the DSSI and the Common Framework
title_sort china and argentina facing global debt post-covid-19: divergent strategies within the dssi and the common framework
description This article examines the responses of China and Argentina to the debt crisis exacerbated by the Covid-19 pandemic and the implementation of the DSSI and the Common Framework. China, as the leading emerging official creditor, employed a strategy of moderate confrontation, seeking to balance its cooperation with multilateral organizations and its criticism of Western leadership. In contrast, Argentina, facing a debt restructuring, used these platforms to advocate for more equitable conditions for middle-income countries and to ease fiscal constraints. The study explores how these different strategies reflect each country’s aspirations on the global financial stage, highlighting that despite sharing G20 membership and belonging to the Global South, their approaches to debt management show significant divergences driven by their respective contexts and resources.
publisher Universidad Nacional de Rosario
publishDate 2024
url https://cupea.unr.edu.ar/index.php/revista/article/view/224
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first_indexed 2025-02-05T22:43:23Z
last_indexed 2025-02-05T22:43:23Z
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