Explore Lending Institutions, Health Care, and Human Capital (Coursework Sample)
Lending Institutions, Health Care, and Human Capital
the assignment entails researching a third world country and THEREAFTER ANSWER the following questions.
1 .Explore whether or not funding from international lending institutions like the World Bank and the IMF are helping or hindering the social, economic, or political development of the country that you have selected. Support your response with examples.
2.Discuss, with examples, at least four (4) substantive ways in which a healthy population strengthens the economy of the country that you have selected.
3.Ascertain the degree to which the leadership of your chosen country has used foreign aid to improve its health care system. Support your response with concrete examples
Lending Institutions, Health Care, and Human Capital a case study of Kenya
Political, social and economic impact of international lending organizations on the development of Kenya
The World Bank was initially formed to reconstruct Germany after the second world war. The organization however has since then spread its wings by now getting involved in the development and providing financial aid to less privileged countries. Kenya being developing country has had a long-standing history between her and international lending organizations including World Bank and International Monetary Fund. According to economic researchers in Kenya, a significant amount of infrastructure and social amenities have been accomplished through joint activities between the government, world bank and IMF. The “last mile initiative” for example aimed at ensuring that every Kenyan household is connected to electricity was fully funded by the World Bank. The funds are however proving to be a disastrous burden to the tax payer. These funds are paid back with an interest hence increasing government debts. Its estimated that a child born today in Kenya has a debt amounting to approximately $25.7 (Atkeson, 2016).
In terms of social being on the other hand, international lending from World Bank and IMF have been the leading source of corruption in this country. Poor leadership and political structure have been linked to losing a significant amount of funds received from international organizations with the aim of improving infrastructure. In 2017 for example, there was a big scandal where funds form Bonds bought by the government form the European union disappeared mysteriously into corrupt politician's accounts
Lastly, from the political aspects, international lending bodies have improved the political stability of developing countries gradually. In 2007, there was a dispute over presidential elections in Kenya and consequential civil war that led to many citizens being displaced from their ancestral lands. This led to political stability and downfall of the economic status of the county. The World Bank however through a non-governmental organization such as Danish refugee council and the Red Cross came to the rescue of this individuals by providing funds for shelter and food until the political status of the country could be restored to normality.
Kenyan population and its impact on its economic growth
As per the 2009 census conducted in Kenya, the majority of its population are youths between the ages of 18 to 35 years. From the economic perspective therefore, these categories are the most productive segment of the population in terms of skills, education and general human resource productivity. Despite the advantageous aspect presented by the youthful age bracket, the Kenyan population has been increasing rapidly over the years hence may pose negative effects on economic growth in the near future.
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