The World Bank pledged a total of $7.93 billion during the fiscal year 2022, which ran from July 2021 to June 2022.
The $4.54 billion reported in the 2021 fiscal year, which ran from July 2020 to June 2021, was up 74.67%, according to information retrieved from the bank’s website.
The World Bank states that pledges encompassed all loans for which contracts were executed in the relevant year.
The World Bank’s International Development Association and the International Bank for Reconstruction and Development both made loans throughout the data’s collection period, which spanned 2018 to 2022. 2018 saw the largest commitment over this time period, at $10.45 billion.
Nigeria was ranked fifth on the list as of June 30, 2021, according to the World Bank’s Fiscal Year 2021 audited financial accounts, in particular the IDA financial statement, which indicated $11.7 billion in IDA debt stock.
Nigeria had risen to the fourth spot on the list, according to the World Bank’s Fiscal Year 2022 audited financial records for IDA, with a $13 billion debt stock as of June 30, 2022.
Except for Nigeria, the top five nations on the list somewhat decreased their IDA debt stock.
According to reports, Nigerian states would get between $0.5 million and $4 million dependent on certain disbursement requirements.
- Tags: #loan, #Nigeria, #worldbank
