Correct Answer:
B. Bolivia
The question asks which country declared total independence from the International Monetary Fund (IMF) and World Bank in 2017. The correct answer is Bolivia.
- Under the presidency of Evo Morales, Bolivia made a significant move towards economic sovereignty. In 2017, Bolivia officially announced its complete disengagement from the IMF and World Bank, ending decades of reliance on their loans and conditional policies. This decision was part of a broader strategy to pursue independent economic development and reduce foreign influence.
- Option A, Greece, is incorrect. Greece has been heavily reliant on financial assistance packages from the IMF, European Union, and European Central Bank, particularly during its severe debt crisis in the 2010s, and has not declared independence.
- Option C, Argentina, is incorrect. While Argentina has had a complex and often strained relationship with the IMF, including defaulting on loans, it has not declared total independence and has engaged in new agreements and negotiations with the institution in recent years.
- Option D, Türkiye (Turkey), is incorrect. While Turkey has reduced its reliance on IMF loans over time, it has not declared total independence from these institutions in 2017 and continues to interact with them on various economic matters.
Bolivia's declaration marked a unique stance against traditional international financial governance.