Nigeria Now 4th Largest IDA Debtor with $14.3 Billion Owed to World Bank

Nigeria ranks 4th on World Bank's list of top IDA borrowers with $14.3 billion in debt stock.

Nigeria accumulated $1.3 billion in new IDA debt within one year.

Bangladesh became the largest IDA debtor, surpassing India which dropped to 2nd place.

Pakistan retained its 3rd place ranking with $16.9 billion debt.

Nigeria received $1.55 billion in new IDA loans in 2023, making it the 9th highest beneficiary.