Final answer:
Greece missed a payment to the International Monetary Fund in 2015, becoming the first developed nation to do so, which emphasized the country's financial struggles.
Step-by-step explanation:
In 2015, Greece became the first developed nation to miss a payment to the International Monetary Fund (IMF), an event that highlighted the severe financial distress the country was experiencing at the time. Unlike the World Bank, which focuses on long-term economic development and poverty reduction, the IMF serves as a lender of last resort, providing financial assistance to countries in dire economic circumstances. When Greece missed its payment to the IMF, it underscored the challenges that countries face when they borrow in a currency that is not their own and the complexities of international debt and financial stability.