India currently holds the distinction of being the country with the highest debt from the World Bank.
India's Leading Position in World Bank Debt
At the close of 2022, India's outstanding debt to the World Bank stood at a substantial $38.3 billion. This figure positions India as the largest debtor globally.
Key Details of India's World Bank Debt:
- Total Debt (End 2022): $38.3 billion
- Change from Previous Year: This amount represents a decrease of nearly $1.5 billion from the debt owed a year prior.
- Comparison to Other Nations: India's debt balance is almost double that of the next largest debtor.
Top Debtors to the World Bank (End 2022)
To illustrate India's significant lead, here's a comparison of the top two debtor nations:
| Country | World Bank Debt (End 2022) |
|---|---|
| India | $38.3 billion |
| Indonesia | $20.6 billion |
This data underscores India's prominent financial relationship with the World Bank, highlighting its role as a major recipient of development financing. The considerable gap between India's debt and that of other nations emphasizes its unique position among countries utilizing World Bank funding.
