Asia could be the recipient that is largest of loans through the World Bank, amounting to $102.1 billion, between 1945 and 2015 (as on July 21, 2015), based on the Bank’s financing report.
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 while the International Bank for Reconstruction and Development ( IBRD.
The Ministry of Finance tabled an updated figure of $103 billion (IBRD—$53 billion and IDA—$50 billion) in an answer towards the Lok Sabha (Parliament’s reduced household) final month.
India’s loans through the World Bank stand at $104 billion (IBRD—$54 billion and IDA—$50 billion) as on 31, 2015 december. Of the, the World Bank has disbursed $73 billion, with Asia repaying $37 billion.
Asia is accompanied by Brazil ($58.8 billion), Asia ($55.6 billion), Mexico ($54 billion) and Indonesia ($50.5 billion).
The entire world Bank happens to be lending funds to India for rural and metropolitan development tasks pertaining to transport, water and irrigation, wellness, energy and farming.
Supply: World Bank; numbers in $ billion; Figures as on 21/07/2015; Note: Global Bank for Reconstruction and developing (IBRD), Overseas developing Association (IDA).
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