World Bank and South Asia
This is a collection of articles archived for the excellence of their content. |
1945-2014
The Times of India, Jun 12 2015
The World Bank lends money to member countries through two main lending schemes. Credit from the International Development Association (IDA), which is aimed at helping the world's poorest countries, is at concessional rates. Loans through the International Bank of Reconstruction and Development (IBRD) are at market rate. The analysis of cumulative loans through both IBRD and IDA shows an interesting trend. Of the total $896 billion lent by the Bank between 1945 and 2014, about $98 billion have come to India, the highest in the world. India is followed by Brazil, China and Mexico, each receiving more than $50 billion from the bank
