[doctorzlo]

Sometime, write off of loans to those countries will need the concurrent commitment by some other countries to write off their loans to these institutions. IMF does have a reserve of Gold but I doubt that it could keep writing off loans without getting some of its creditors to write off their loans to it as well.

Goh Meng Seng

Agree that not losing money doesn't equal no risk. But surely an institution that has never NOT repaid it's lenders in it's 67 year history, doesn't deserve the label MOST RISKY.

I think you're confused yourself regarding IMF loans. The IMF has always repaid it's member countries that commit funds. However, the IMF doesn't always get re-paid when it acts as a lender to distressed countries. That's why IMF defaults refer to countries that either fail to repay IMF loans or get the IMF's approval to write off the debt.