IFC, private nonguaranteed (NFL, US$) by country
Nonguaranteed long-term debt privately placed from the International Finance Corporation (IFC). Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Countries reporting
114
Highest
1.60 billion NFL, US$
India
Lowest
-248.67 million NFL, US$
Argentina
Median
0 NFL, US$
Years covered
55
1970–2024
Data points
8,521
What the numbers show
IFC, private nonguaranteed (NFL, US$) is currently reported for 114 countries. The highest value is 1.60 billion NFL, US$ in India; the lowest is -248.67 million NFL, US$ in Argentina.
The median across all reporting countries is 0 NFL, US$, and the mean is 49.99 million NFL, US$.
The gap between the highest and lowest reporting country is a factor of about 6.
Over the past decade 53 countries rose and 35 fell. The largest increase was in Jordan (up 9,650.2%), and the largest decrease in Zambia (down 1,661.1%).
IFC, private nonguaranteed: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | India | 1.60 billion NFL, US$ | 2024 | up 1,200.0% | volatile |
| 2 | Brazil | 678.60 million NFL, US$ | 2024 | up 1,308.4% | volatile |
| 3 | Egypt | 483.26 million NFL, US$ | 2024 | up 1,324.2% | volatile |
| 4 | Thailand | 344.75 million NFL, US$ | 2024 | up 362.3% | volatile |
| 5 | Philippines | 332.92 million NFL, US$ | 2024 | up 1,068.3% | volatile |
| 6 | China | 319.08 million NFL, US$ | 2024 | down 18.2% | volatile |
| 7 | Ukraine | 259.45 million NFL, US$ | 2024 | up 654.7% | volatile |
| 8 | Morocco | 249.64 million NFL, US$ | 2024 | up 1,148.2% | volatile |
| 9 | Uzbekistan | 244.71 million NFL, US$ | 2024 | up 3,431.9% | volatile |
| 10 | Colombia | 191.58 million NFL, US$ | 2024 | up 524.7% | volatile |
| 11 | Armenia | 163.50 million NFL, US$ | 2024 | up 1,157.3% | volatile |
| 12 | Cote d'Ivoire | 144.44 million NFL, US$ | 2024 | up 126.3% | volatile |
| 13 | Mongolia | 126.08 million NFL, US$ | 2024 | up 1,728.3% | volatile |
| 14 | Peru | 121.92 million NFL, US$ | 2024 | up 929.8% | volatile |
| 15 | Georgia | 120.89 million NFL, US$ | 2024 | up 1,484.7% | volatile |
| 16 | Chad | 116.76 million NFL, US$ | 2024 | up 200.8% | volatile |
| 17 | Bulgaria | 116.56 million NFL, US$ | 2024 | up 414.0% | volatile |
| 18 | Nigeria | 102.35 million NFL, US$ | 2024 | up 689.6% | volatile |
| 19 | Ecuador | 96.60 million NFL, US$ | 2024 | up 364.2% | volatile |
| 20 | Rwanda | 90.62 million NFL, US$ | 2024 | up 706.5% | volatile |
| 21 | Honduras | 64.88 million NFL, US$ | 2024 | up 250.5% | volatile |
| 22 | Tajikistan | 56.29 million NFL, US$ | 2024 | up 38.9% | volatile |
| 23 | Mexico | 47.84 million NFL, US$ | 2024 | down 6.6% | volatile |
| 24 | Benin | 41.44 million NFL, US$ | 2024 | — | volatile |
| 25 | Bangladesh | 38.03 million NFL, US$ | 2024 | down 58.4% | volatile |
| 26 | Madagascar | 36.33 million NFL, US$ | 2024 | — | volatile |
| 27 | Jordan | 35.56 million NFL, US$ | 2024 | up 9,650.2% | volatile |
| 28 | Nepal | 35.17 million NFL, US$ | 2024 | up 469.6% | volatile |
| 29 | Burkina Faso | 33.88 million NFL, US$ | 2024 | — | volatile |
| 30 | Togo | 31.14 million NFL, US$ | 2024 | down 50.7% | volatile |
| 31 | El Salvador | 29.56 million NFL, US$ | 2024 | down 36.5% | volatile |
| 32 | Mali | 28.78 million NFL, US$ | 2024 | up 809.1% | volatile |
| 33 | Serbia | 27.83 million NFL, US$ | 2024 | up 118.0% | volatile |
| 34 | Cameroon | 23.92 million NFL, US$ | 2024 | up 205.8% | volatile |
| 35 | Ethiopia | 23.11 million NFL, US$ | 2024 | down 76.0% | volatile |
| 36 | Democratic Republic of Congo | 22.26 million NFL, US$ | 2024 | up 0.0% | volatile |
| 37 | Senegal | 22.22 million NFL, US$ | 2024 | up 611.9% | volatile |
| 38 | Albania | 22.10 million NFL, US$ | 2024 | up 75.5% | volatile |
| 39 | Niger | 20.96 million NFL, US$ | 2024 | — | volatile |
| 40 | Dominican Republic | 14.83 million NFL, US$ | 2024 | up 419.5% | volatile |
| 41 | Azerbaijan | 14.28 million NFL, US$ | 2024 | up 172.5% | volatile |
| 42 | Botswana | 12.43 million NFL, US$ | 2024 | — | volatile |
| 43 | Kazakhstan | 9.38 million NFL, US$ | 2024 | up 42.7% | volatile |
| 44 | Sierra Leone | 9.00 million NFL, US$ | 2024 | up 646.2% | volatile |
| 45 | Burundi | 7.50 million NFL, US$ | 2024 | up 42.9% | volatile |
| 46 | Moldova | 7.32 million NFL, US$ | 2024 | down 40.3% | volatile |
| 47 | Maldives | 3.20 million NFL, US$ | 2024 | up 127.6% | volatile |
| 48 | Cape Verde | 925,051 NFL, US$ | 2024 | — | volatile |
| 49 | Gabon | 181,799 NFL, US$ | 2024 | down 98.8% | volatile |
| 50 | Afghanistan | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Angola | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Bosnia and Herzegovina | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Belarus | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Belize | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Bolivia | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Bhutan | 0 NFL, US$ | 2024 | up 100.0% | flat |
| 50 | Central African Republic | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Algeria | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Eritrea | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Fiji | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Guinea-Bissau | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Grenada | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Guyana | 0 NFL, US$ | 2024 | down 100.0% | volatile |
| 50 | Iran | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Jamaica | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Liberia | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Saint Lucia | 0 NFL, US$ | 2024 | — | flat |
| 50 | North Macedonia | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Malaysia | 0 NFL, US$ | 2016 | — | volatile |
| 50 | Papua New Guinea | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Russia | 0 NFL, US$ | 2024 | up 100.0% | volatile |
| 50 | Sudan | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Solomon Islands | 0 NFL, US$ | 2024 | down 100.0% | flat |
| 50 | Eswatini | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Seychelles | 0 NFL, US$ | 2016 | up 100.0% | volatile |
| 50 | Tonga | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Vanuatu | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Samoa | 0 NFL, US$ | 2024 | — | volatile |
| 50 | Zimbabwe | 0 NFL, US$ | 2024 | — | volatile |
| 89 | Gambia | -79,395 NFL, US$ | 2024 | up 63.2% | volatile |
| 90 | Malawi | -200,000 NFL, US$ | 2024 | down 104.2% | volatile |
| 91 | Haiti | -304,546 NFL, US$ | 2024 | down 101.7% | volatile |
| 92 | East Timor | -750,000 NFL, US$ | 2024 | — | volatile |
| 93 | Congo | -786,306 NFL, US$ | 2024 | — | volatile |
| 94 | Indonesia | -877,985 NFL, US$ | 2024 | down 100.5% | volatile |
| 95 | Tunisia | -882,599 NFL, US$ | 2024 | up 67.5% | volatile |
| 96 | Montenegro | -1.95 million NFL, US$ | 2024 | up 33.0% | volatile |
| 97 | Mauritania | -2.50 million NFL, US$ | 2024 | up 97.5% | volatile |
| 98 | Comoros | -3.45 million NFL, US$ | 2024 | — | volatile |
| 99 | Kosovo | -4.03 million NFL, US$ | 2024 | down 401.8% | volatile |
| 99 | Kosovo (UNSCR 1244) | -4.03 million NFL, US$ | 2024 | down 401.8% | volatile |
| 101 | Kyrgyzstan | -6.21 million NFL, US$ | 2024 | down 270.9% | volatile |
| 102 | Lebanon | -6.75 million NFL, US$ | 2024 | down 861.5% | volatile |
| 103 | Mauritius | -8.33 million NFL, US$ | 2024 | — | volatile |
| 104 | Mozambique | -9.28 million NFL, US$ | 2024 | down 194.4% | volatile |
| 105 | Nicaragua | -9.44 million NFL, US$ | 2024 | up 31.7% | volatile |
| 106 | Paraguay | -11.83 million NFL, US$ | 2024 | down 185.3% | volatile |
| 107 | Laos | -13.67 million NFL, US$ | 2024 | down 252.1% | volatile |
| 108 | Guinea | -14.19 million NFL, US$ | 2024 | down 346.0% | volatile |
| 109 | Uganda | -14.65 million NFL, US$ | 2024 | down 239.5% | volatile |
| 110 | South Africa | -15.41 million NFL, US$ | 2024 | down 472.6% | volatile |
| 111 | Myanmar | -15.70 million NFL, US$ | 2024 | down 119.6% | volatile |
| 112 | Yemen | -15.71 million NFL, US$ | 2024 | down 226.5% | volatile |
| 113 | Kenya | -18.53 million NFL, US$ | 2024 | down 122.4% | volatile |
| 114 | Zambia | -21.36 million NFL, US$ | 2024 | down 1,661.1% | volatile |
| 115 | Tanzania | -34.19 million NFL, US$ | 2024 | down 220.6% | volatile |
| 116 | Ghana | -35.10 million NFL, US$ | 2024 | up 31.2% | volatile |
| 117 | Cambodia | -40.63 million NFL, US$ | 2024 | down 174.7% | volatile |
| 118 | Sri Lanka | -48.93 million NFL, US$ | 2024 | down 411.7% | volatile |
| 119 | Guatemala | -57.41 million NFL, US$ | 2024 | down 535.7% | volatile |
| 120 | Pakistan | -68.88 million NFL, US$ | 2024 | down 142.5% | volatile |
| 121 | Turkey | -70.07 million NFL, US$ | 2024 | down 34.0% | volatile |
| 122 | Vietnam | -118.41 million NFL, US$ | 2024 | down 135.3% | volatile |
| 123 | Argentina | -248.67 million NFL, US$ | 2024 | down 114.9% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- IDA & IBRD total 5.80 billion NFL, US$
- World 5.80 billion NFL, US$
- Low & middle income 5.69 billion NFL, US$
- Middle income 5.31 billion NFL, US$
- IBRD only 4.87 billion NFL, US$
- Lower middle income 3.01 billion NFL, US$
- Early-demographic dividend 2.73 billion NFL, US$
- Upper middle income 2.29 billion NFL, US$
- Late-demographic dividend 2.08 billion NFL, US$
- South Asia 1.63 billion NFL, US$
- South Asia (IDA & IBRD) 1.63 billion NFL, US$
- Europe & Central Asia 960.06 million NFL, US$
- Europe & Central Asia (IDA & IBRD countries) 960.06 million NFL, US$
- East Asia & Pacific (excluding high income) 932.79 million NFL, US$
- East Asia & Pacific 932.79 million NFL, US$
- East Asia & Pacific (IDA & IBRD countries) 932.79 million NFL, US$
- Latin America & Caribbean (excluding high income) 918.17 million NFL, US$
- Latin America & Caribbean 918.17 million NFL, US$
- Latin America & the Caribbean (IDA & IBRD countries) 918.17 million NFL, US$
- Europe & Central Asia (excluding high income) 843.50 million NFL, US$
- Arab World 839.57 million NFL, US$
- IDA total 819.34 million NFL, US$
- Middle East, North Africa, Afghanistan & Pakistan 776.64 million NFL, US$
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 776.64 million NFL, US$
- Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 776.64 million NFL, US$
- Pre-demographic dividend 621.42 million NFL, US$
- Sub-Saharan Africa (excluding high income) 590.20 million NFL, US$
- Sub-Saharan Africa 590.20 million NFL, US$
- Sub-Saharan Africa (IDA & IBRD countries) 590.20 million NFL, US$
- Heavily indebted poor countries (HIPC) 571.73 million NFL, US$
- Africa Western and Central 523.35 million NFL, US$
- IDA blend 427.40 million NFL, US$
- IDA only 391.94 million NFL, US$
- Post-demographic dividend 376.01 million NFL, US$
- Least developed countries 370.54 million NFL, US$
- Low income 357.31 million NFL, US$
- OECD members 169.36 million NFL, US$
- Central Europe and the Baltics 116.56 million NFL, US$
- European Union 116.56 million NFL, US$
- High income 116.56 million NFL, US$
About this data
Nonguaranteed long-term debt privately placed from the International Finance Corporation (IFC). Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.