Lending Institutions, Health Care, and Human Capital
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Funding from international lending institutions such as the World Bank and the IMF has negatively impacted the social, economic and political of most low income countries. In 2013, the World Bank set aside $52.6 billion to help promote economic growth in developing countries. A large share of these funds were committed to Africa, with South Asia taking the second position in terms of funds received. African still continues to be the largest benefactor of these funds and aid from foreign countries. However, Africa still leads in high poverty levels, mortality rates, and low life expectancy.
The World Bank and IMF have been at the forefront of lending funds to governments in developing nations. The fund is associated with stringent loan conditions that put the borrowing countries at worse conditions that they were before obtaining the loan. Both of these institutions of lending are also known for rigid orthodoxy when dealing with low income countries. The………………….