List of World Bank’s Top Debtors In Africa
The majority of the $38 billion (KSh 4.92 trillion) in loans taken out by the World Bank in 2024 came from African nations.
Through the International Development Association (IDA), the bank offers loans and concessional grants to the governments of the 75 poorest nations in the world.
During the reviewed time, Ethiopia borrowed an astounding $3,395 million (KSh 439.7 billion), with Nigeria coming in second with $2,200 million (KSh 284.9 billion).
With more than eight years of expertise in financial, business, and technology reporting, TUKO.co.ke writer Japhet Ruto provides insightful analysis of both domestic and international economic trends.
The World Bank provided partner nations and private companies with $117.5 billion (KSh 15.2 trillion) in loans, grants, equity investments, and guarantees in 2024.
What is the estimated value of World Bank loans to Africa?
African nations received the most percentage of loans from the Bretton Woods organization, totaling $38 billion (KSh 4.92 trillion), according to the World Bank’s 2024 annual report.
Europe and Central Asia ($24.7 billion), South Asia ($15.9 billion), East Asia and Pacific ($12.5 billion), Latin America and the Caribbean ($19.4 billion), the Middle East and North Africa ($6.5 billion), and the rest of the world ($0.4 billion) came after Africa.
Through the International Development Association (IDA), the bank offers loans and grants at a reduced rate to the governments of the 75 poorest nations in the globe.
However , Below is the list of country and their debt :
Country Loans
1. Ethiopia KSh 439.7 billion
2. Nigeria KSh 284.9 billion
3. Tanzania KSh 235 billion
4. Kenya KSh 214.2 billion
5. Mozambique KSh 146.3 billion
6. Rwanda KSh 103.7 billion
7. Ghana KSh 103.6 billion
8. Côte d’Ivoire KSh 98 billion
Leave a Reply