Ghana has emerged as the seventh-largest beneficiary of funding from the World Bank’s International Development Association (IDA), receiving a cumulative total of $11.2 billion between 1961 and 2024.
Leading the global rankings are Ethiopia ($23.4 billion), Nigeria ($18.8 billion), and Vietnam ($18.5 billion), occupying the first, second, and third spots, respectively. China ranks eighth, with IDA funding of $10.2 billion.
Significantly, eight of the top 10 beneficiary nations are from Sub-Saharan Africa, reflecting the region’s priority in IDA’s development agenda.
Since its inception in 1960, IDA has disbursed over $287 billion to support development in the world’s poorest nations, emphasizing assistance to underserved and remote areas.
African countries have been the primary recipients, accounting for approximately 73% of total disbursements, equivalent to $210 billion. East Asia follows as the second-largest regional beneficiary, receiving $41.8 billion, or 14.5% of the total.
Other regions have received smaller proportions of IDA funding: Europe and Central Asia secured $17.5 billion (6.1%), while Latin America and the Caribbean received $11.2 billion (3.9%). The Middle East received the least funding, at $7.1 billion, representing 2.5% of total IDA disbursements.
These figures underscore the IDA’s commitment to addressing development challenges, particularly in Africa, as part of its mission to alleviate poverty and promote sustainable growth globally.
SOURCE: http://dew360.net
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