Friday, February 19, 2016

India (1945-2015): Largest recipient of loans from World Bank

As per the World Bank lending report, India is the largest recipient of loans from theWorld Bank, amounting to $102.1 billion, between 1945 and 2015 (as on July 21, 2015). The World Bank has been lending funds to India for rural and urban development projects related to transport, water and irrigation, health, power and agriculture.
  • International Bank for Reconstruction and Development (IBRD), a part of the World Bank group, has lent $52.7 billion, the International Development Association (IDA), a multilateral concessional lender of World Bank, has loaned$49.4 billion to India over the last 70 years.
  • India is followed by Brazil ($58.8 billion)China ($55.6 billion)Mexico ($54 billion) and Indonesia ($50.5 billion).

No comments:

Post a Comment