CGD crisis Share definition Flag Stands for "currency-growth-debt" crisis. Climax of a CGD trap; the most famous example was Argentina in 2002. The Suez Canal fell under British and French control as a result of Ismail Pasha's CGD crisis. CGD crisis by abu yahya June 23, 2008 0 0 Get merch Get the CGD crisis mug. Buy Now — $32.95 See more merch