According to the World Bank who was the top Borrower of International Development Association ( IDA) in the fiscal year 2023?
Correct answer: B. Pakistan
- A. Palestine
- B. Pakistan
- C. Turkiye
- D. None of these
Explanation
Pakistan was the World Bank's largest borrower from the International Development Association in fiscal year 2023. IDA provides concessional financing to developing countries, so this statistic concerns development lending rather than ordinary commercial borrowing.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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