The International Bank for Reconstruction and Development (IBRD), part of the World Bank system, distributed billions in loans to middle-income and creditworthy low-income countries in 2023. That year, India was the largest fiscal borrower, borrowing over 4.3 billion U.S. dollars from the IBRD. Other major borrowers include Turkey, Indonesia, Ukraine, and the Philippines.
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World Bank. (September 28, 2023). Largest fiscal borrowers from International Bank for Reconstruction and Development (IBRD) in 2023 (in million U.S. dollars) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 19, 2026, from /statistics/1489941/ibrd-largest-fiscal-borrowers/
World Bank. "Largest fiscal borrowers from International Bank for Reconstruction and Development (IBRD) in 2023 (in million U.S. dollars)." Chart. September 28, 2023. ÌÇÐÄÆÆ½â°æ. Accessed July 19, 2026. /statistics/1489941/ibrd-largest-fiscal-borrowers/
World Bank. (2023). Largest fiscal borrowers from International Bank for Reconstruction and Development (IBRD) in 2023 (in million U.S. dollars). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 19, 2026. /statistics/1489941/ibrd-largest-fiscal-borrowers/
World Bank. "Largest Fiscal Borrowers from International Bank for Reconstruction and Development (Ibrd) in 2023 (in Million U.S. Dollars)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 28 Sep 2023, /statistics/1489941/ibrd-largest-fiscal-borrowers/
World Bank, Largest fiscal borrowers from International Bank for Reconstruction and Development (IBRD) in 2023 (in million U.S. dollars) ÌÇÐÄÆÆ½â°æ, /statistics/1489941/ibrd-largest-fiscal-borrowers/ (last visited July 19, 2026)
Largest fiscal borrowers from International Bank for Reconstruction and Development (IBRD) in 2023 (in million U.S. dollars) [Graph], World Bank, September 28, 2023. [Online]. Available: /statistics/1489941/ibrd-largest-fiscal-borrowers/