Question:

Which country is the first developed nation to default on debt of IMF?

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Greece's default on IMF debt in 2015 was a significant event in the global financial crisis.
Updated On: Aug 18, 2025
  • USA
  • UK
  • Japan
  • Greece
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The Correct Option is D

Solution and Explanation

Greece became the first developed nation to default on an IMF loan in 2015, during its ongoing financial crisis. This marked a significant event in global economic history.
- Option (A) USA: The USA has never defaulted on its IMF obligations.
- Option (B) UK: The UK has not defaulted on IMF debt either.
- Option (C) Japan: Japan, despite its economic challenges, has not defaulted on IMF debt.
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