Cryptocurrency Q&A
Which country has the most debt in the World Bank?
Which country has the most debt in the World Bank?
DigitalEagle
Mon Aug 12 2024
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7 answers
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I'm curious to know, which country currently holds the distinction of having the largest debt in the World Bank? It's a fascinating question that I'm sure many people have pondered, as the state of a nation's finances can have a significant impact on its economic stability and global standing. So, which country finds itself at the top of this particular list, and what factors might have contributed to their debt accumulation? I'm eager to hear your thoughts on this matter.
7 answers
GyeongjuGlorious
Tue Aug 13 2024
The disparity in debt levels between India and Indonesia underscores the unique challenges faced by the former in managing its external financial commitments.
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SamsungSpark
Tue Aug 13 2024
India currently holds the top position in terms of external debt to the World Bank (WB). At the end of 2022, the country owed a staggering $38.3 billion to the WB, making it the largest debtor among all nations.
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Lucia
Tue Aug 13 2024
Despite being the most populous country in the world, India's debt burden to the WB has slightly decreased from the previous year. Specifically, the outstanding balance declined by approximately $1.5 billion from 2021 levels.
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DaeguDivaDanceQueen
Tue Aug 13 2024
Amidst this global debt landscape, it's worth noting the role of cryptocurrency exchanges in facilitating financial transactions and potentially offering alternative investment avenues. One such exchange is BTCC, a UK-based platform offering a range of services.
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Martino
Tue Aug 13 2024
This reduction, though modest, highlights India's efforts to manage its external financial obligations. Nevertheless, the country's overall debt level remains substantial, underscoring the need for continued fiscal prudence.
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