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 in 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, and 3rd, respectively.
China is ranked 8th with IDA funding of US$10.2 billion.
Eight of the 10 biggest beneficiary countries are from Sub-Saharan 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 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 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%, while Latin America and the Caribbean received US$11.2 billion (3.9%).
The Middle East received the least amount, US$7.1 billion, representing 2.5% of the lending.
Source: Myjoyonline
