Great Britain issued a billion pound Third World Loan in 1917 to pay for World War I expenses following a six week fundraiser.

Additional Information:

• Third of debts owed by poor countries to UK is interest on original loans
  Jan 22, 2012 – A third of the debt owed to the UK by some of the world’s poorest countries consists of interest on the original loans, a figure that third world debt … Guardian Today: the headlines, the analysis, the debate – sent direct to you.
• Third World debt | economics | Britannica.com
  Alternative Titles: debt of developing countries, developing-world debt … external debt of developing countries first became a key issue in the early 1980s, and it persisted … loans and advice to try to help manage the debt of developing countries. … Debt Campaign in Great Britain) also called for wholesale debt cancellation.
• Debt of developing countries – Wikipedia
  The debt of developing countries refers to the external debt incurred by governments of … The Jubilee Debt Campaign gives six reasons why the third world debts … Secondly, the lenders knew that they gave to dictators or oppressive regimes and … Also, many of the debts were signed with unfair terms, several of the loan …
• War Finance (Great Britain and Ireland) | International Encyclopedia of …
  Oct 24, 2016 – Abroad, Britain’s principal European allies in the wartime coalition – France …. The Second War Loan (1915) and the colossal Third War Loan (1917) … funds, it also complicated handling as issues and maturities multiplied.
• Review – ‘When Britain Went Bust’ | Financial Times
  Jan 8, 2017 – Britain had emerged from world war two with heavy debts and an … The conditions imposed by the IMF for the loan hammered nails into the Keynesian coffin. … after a second election in 1974, not a third, as incorrectly stated.