Greece debt doubles IMF arrears

With its failure to repay some €1.6 billion (€1.8 billion ) to the IMF, Greece became the first developed country to fall into arrears - the official euphemism for default - on payments to the fund
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Money owed to IMF (in fund’s own currency – Special Drawing Rights, 1 SDR currently equals $1.26)

Greek default will push IMF arrears account to $3.62bn

Jun 30, 2015: Greece fails to repay SDR 1.23bn $1.8 billion

May 2015: Arrears stand at SDR 1.29bn $1.82 billion 

Sudan SDR 979.9

Somalia 234.6

Zimbabwe 81.1
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1990 95 2000 05 10 15

0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 bn

Dec 1991: Arrears peak at SDR3.6 billion with 11 countries overdue

1992: Panama repays SDR 180.9m

1993: Peru repays SDR 621.0 million Vietnam SDR 100.2m

1995: Zambia SDR 830.2m

2000: Yugoslavia SDR 101.1m

2002: D. R. Congo SDR 403.6m

2004: Iraq SDR 55.3m

2008: Liberia SDR 543.0m
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Source: Finance Department, International Monetary Fund

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