Cryptocurrency Q&A
Who owes money to World Bank?
Who owes money to World Bank?
DigitalBaron
Sat Sep 07 2024
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7 answers
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I'm curious to know, who exactly owes money to the World Bank? Are these debts held by individual countries, governments, or perhaps international organizations? Are there specific criteria or requirements for eligibility to borrow from the World Bank, and how are these debts typically repaid? Understanding the answer to these questions can help provide insight into the global financial landscape and the role that the World Bank plays in facilitating economic development.
7 answers
CryptoPioneer
Mon Sep 09 2024
India's outstanding balance with the WB is substantial, almost double that of the next largest debtor, Indonesia, which had a debt of $20.6 billion. This highlights India's position as a major borrower from international financial institutions.
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SapphireRider
Mon Sep 09 2024
Following India and Indonesia, Bangladesh and Pakistan occupy the next spots in terms of outstanding loans from the WB. Bangladesh's debt stands at $18.2 billion, while Pakistan's is slightly lower, at $18.1 billion.
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ZenHarmonious
Mon Sep 09 2024
These figures demonstrate the financial challenges faced by some of the world's most populous and economically important nations. The WB plays a crucial role in providing financial assistance and supporting economic development in these countries.
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CryptoPioneer
Mon Sep 09 2024
At the close of 2022, the world's most populous nation owed a significant amount to the World Bank (WB). Specifically, the debt stood at $38.3 billion, marking a notable decrease from the previous year.
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noah_stokes_photographer
Mon Sep 09 2024
This reduction of approximately $1.5 billion in debt underscores the country's efforts towards financial stability and debt management. Despite the decrease, the overall debt burden remains substantial.
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