Audio By Carbonatix
Ghana is ranked 7th in the world as the biggest beneficiary of World Bank funding.
The country has received a total of US$11.2 billion of the International Development Association (IDA) funding from 1961 to 2024.
Ethiopia (US$23.4 billion), Nigeria (US$18.8 billion) and Vietnam (US$18.5 billion) are ranked 1st, 2nd 3rd respectively.
China is ranked 8th with IDA funding of US$10.2 billion.
Eight of the 10 biggest beneficiary countries are from Sub-Sahara Africa.
Since its establishment in 1960, IDA, the World Bank's lending arm, has provided a total of over US$287 billion in funding to support development in the world's poorest countries, with a focus on reaching remote and underserved areas of the continent.
Over the IDA’s lifetime, African countries have accounted for approximately 73% of total IDA disbursements, totaling just over US$210 billion. The second region with the highest amount received from the IDA is East Asia with US$41.8 billion accounting for 14.5% of the lending.
Europe and central Asia received US$17.5 billion representing 6.1%, Latin America and the Caribbean getting US$11.2 billion (3.9%).
The Middle East received the least amount of US$7.1 billion, representing 2.5% of the lending.
Latest Stories
-
Rule of law must be protected – GBA condemns EOCO action against Baffour Awuah
16 minutes -
950,000 barrels of Sankofa crude head to TOR as GNPC deepens domestic refining
28 minutes -
Scales of deception removed – Annoh-Dompreh attacks new cocoa price
40 minutes -
Young Positivist Writes : My Experience with GCLP
2 hours -
Strong Day 1 turnout sets tone for Day 2 of Republic Bank-JoyNews Habitat Fair Clinic
2 hours -
Ghana Army warns new soldiers against social media misuse, uniform abuse
3 hours -
AMA calls for science-led action to tackle environmental health risks in Accra
3 hours -
NPP Canada Organizer BigMo urges Diaspora to support Kodua Frimpong
4 hours -
He entered at eight. He is now 16: Ghana’s children growing up in prayer camps
7 hours -
‘Development must not always begin from Accra’ — Anwelle Foundation launched in Jirapa
7 hours -
PKO trio eye victories at Odwira Festival
9 hours -
346 Ghana Navy recruits pass out after 26 weeks of intensive training
9 hours -
Newsfile to discuss EOCO-MP arrest, drug trafficking, speech arrests and $235m water debt
10 hours -
JoyNews gets results as listeners raise GH¢40,000 to help 17-year-old student with cerebral palsy attend SHS
10 hours -
Vice President calls for stronger local pharmaceutical production to reduce medicine imports
11 hours