PPG, IBRD (DOD, current US$)

The indicator captures the total amount of public and publicly guaranteed debt that has been extended to countries by the International Bank for Reconstruction and Development (IBRD), focusing strictly on nonconcessional loans. These loans, characterized by their lack of significant grant elements—specifically those with an original grant element of less than 35 percent—are provided to support development projects without favorable financing conditions. Represented in current U.S. dollars, this metric highlights the financial commitments countries have undertaken, reflecting their reliance on IBRD resources for growth and development initiatives. This indicator serves as a crucial barometer for understanding a nation's fiscal health and borrowing capabilities in the context of global development finance. Source: