Asia biggest receiver of World loans from banks over 70 years

Asia biggest receiver of World loans from banks over 70 years

The entire world Bank happens to be lending funds to Asia for rural and metropolitan development jobs pertaining to transport, water and irrigation, wellness, energy and farming

RBI begins probe into diversion of farming loans

Bandhan Bank begins loans that are disbursing

India, Bangladesh sign draft MoU on passenger & cruise vessel movement

ICICI Bank: Improved asset quality to bring back belief

RBI begins probe into diversion of farming loans

Asia may be the recipient that is largest of loans through the World Bank, amounting to $102.1 billion, between 1945 and 2015 (as on July 21, 2015), based on the Bank’s financing report.

As the Global Bank for Reconstruction and developing (IBRD), part of the whole world Bank team, has lent $52.7 billion, the Global developing Association (IDA), a multilateral concessional loan provider of World Bank, has loaned $49.4 billion to Asia throughout the last 70 years.

The Ministry of Finance tabled an updated figure of $103 billion (IBRD—$53 billion and IDA—$50 billion) in an answer towards the Lok Sabha (Parliament’s reduced household) last thirty days. Continue reading “Asia biggest receiver of World loans from banks over 70 years”