You are here: Home » Specials » Data Stories » Economy
Business Standard

India largest recipient of World Bank loans over 70 years

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

Chaitanya Mallapur | IndiaSpend  |  Bengaluru 

ABD620

is the largest recipient of from the World Bank, amounting to $102.1 billion, between 1945 and 2015 (as on July 21, 2015), according to the Bank’s lending report.

While the International Bank for Reconstruction and (IBRD), a part of the group, has lent $52.7 billion, the International Association (IDA), a multilateral concessional lender of World Bank, has loaned $49.4 billion to over the last 70 years.

The Ministry of Finance tabled an updated figure of $103 billion (IBRD—$53 billion and IDA—$50 billion) in a reply to the Lok Sabha (Parliament’s lower house) last month.

India’s loans from the stand at $104 billion (IBRD—$54 billion and IDA—$50 billion) as on December 31, 2015. Of this, the has disbursed $73 billion, with repaying $37 billion.

India is followed by Brazil ($58.8 billion), China ($55.6 billion), Mexico ($54 billion) and Indonesia ($50.5 billion).

The World Bank has been lending funds to India for rural and urban projects related to transport, and irrigation, health, power and

Source: World Bank; Figures in $ billion; Figures as on 21/07/2015; Note: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA).

is the world’s largest development bank and hopes to eliminate poverty by 2030. is the largest multi-lateral source of concessional finance to boost growth and cut poverty.

While provides and assistance to primarily middle-income countries, IDA helps the world’s poorest nations.

Source: World Bank; Figures in $ billion; Figures as on 21/07/2015; Note: International Bank for Reconstruction and Development (IBRD)

 

Source: World Bank; Figures in $ billion; Figures as on 21/07/2015; Note: International Development Association (IDA)

World Bank (including and IDA) assistance in 2015 was $42.4 billion, as on July 21, 2015. Africa ($11.6 billion) was the largest recipient, followed by South Asia ($7.9 billion).

IBRD is committed to lend $23.5 billion in fiscal 2015; IDA, $18.9 billion.

India received 9% ($2.1 billion) of IBRD commitments, the largest to any country in 2015 and, after Bangladesh, the second-largest ($1.7 billion) in terms of assistance ($1.9 billion).

Water, sanitation and flood projects in India received the most World Bank funding (27%), followed by finance (19%), transportation (18%), education (11%), public administration and law (10%), (8%), health and social service (4%), information and communication (2%), and energy and mining (1%).

Top Countries: World Bank Commitments, Disbursements And Net Transfers, 2015, By Region

 

Source: World Bank; Figures in $ billion; Figures as on 21/07/2015; Note: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA).

India received a loan of $3.8 billion in 2015, the largest in the sub-continent, followed by China ($1.8 billion) in East Asia and Pacific, Nigeria ($1.5 billion) in Africa, Ukraine ($1.3 billion) in Europe and Central Asia, Morocco ($1.1 billion) in the Middle East and North Africa and Brazil ($0.6 billion) in Latin America and the Caribbean region.

The undisbursed balance (loan/credit/grant amount still available) from the World Bank for India was $16.6 billion in 2015. Gross disbursements to India in 2015 were $2.7 billion, with India repaying $2.2 billion.

The World Bank and the government of India recently signed a $50-million credit line for Nai Manzil, an educational and skills training programme for minorities, on December 30, 2015. The project size is $100 million (Rs 650crore), of which half will come from the and half from the union budget .


(IndiaSpend is a data-driven, public interest journalism non-profit)

 

First Published: Wed, January 13 2016. 16:55 IST
RECOMMENDED FOR YOU