World Bank has listed Nigeria and nine other countries as Nations with high-debt risk exposure.
In a financial statement for the International Development Association (IDA) released on Monday, the World Bank pegged Nigeria at number five with an $11.7b IDA debt stock.
“As of June 30, 2021, the ten countries with the highest exposures accounted for 66% of IDA’s total exposure,” it explained in the document.
“IDA’s largest exposure to a single borrowing country, India, was $22 billion as of June 30, 2021. Monitoring these exposures relative to the SBL, requires consideration of the repayment profiles of existing loans, as well as disbursement profiles and projected new loans and guarantees.”
India tops the list with an IDA debt stock of $22b. Bangladesh – with $18.1b – is second and followed by Pakistan ($16.4b), and Vietnam with $14.1b.
Ethiopia, Kenya, Tanzania, Ghana, and Uganda complete the top 10 list in that order.