Eight of the Top 10 Recipients of IDA Funding are African Countries

The continent, in particular, has greatly benefited from World Bank’s lending, as governments across the continent are actively accelerating infrastructural development across various regions.Over the IDA’s lifetime, African countries have accounted for approximately 73% of total IDA disbursements, totaling just over US$210 billion. While some experts have raised concerns about the persistent borrowing habits of certain countries, governments have justified this approach, arguing that Africa’s quest for economic breakthrough depends on substantial funding, which necessitates borrowing.

BUSINESS INSIDER