Nigeria has maintained its fourth position on the World Bank’s top 10 International Development Association borrowers’ list after moving up from fifth in the 2022 fiscal year.
This was disclosed in the World Bank Fiscal Year 2022 audited financial statement, which showed that Nigeria moved to the fourth position on the list with $13bn IDA debt stock as of June 30, 2022. With $ 19.3 billion, Bangladesh moved up the list to become the topmost IDA debtor, taking over from India , which fell to the second position.The World Bank 2022 audited statement also showed that Nigeria has the highest IDA debt in Africa, while the top three borrowers, Bangladesh, India, and Pakistan, are from Asia.
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