With over $9 Billion, India tops World Bank's loan list
Thursday, 24 June 2010, 18:29 IST   |    12 Comments
Printer Print Email Email
With over $9 Billion, India tops World Bank's loan list
New Delhi: The country has become the largest recipient of the World Bank loans with over $9 billion worth assistance this fiscal ending June 2010, up fourfold over the previous fiscal. The Washington-based multilateral lender had extended only $2.2 billion loan to the country for the year ended June 2009. India's share among the various recipients of the Bank is 15 percent in terms of loans, followed by Mexico with 11 percent and South Africa with 7 per cent as of June 20, 2010. As of June 20, the Bank has lent $9.26 billion to India and is expected to provide another $0.04 billion in the remaining period of June. The Bank follows a fiscal year from July to June.
Source: PTI
siliconindia