Health, Growth and Development and The role of Lending Institute





Introduction1

Discussion2

International Lending Institutions2

Strength of a Healthy Population3

Foreign Aid to Improve Health Care System4

Conclusion5

Health, Growth and Development and The role of Lending Institute



Introduction

Among the developing world, Pakistan remained the only economy that has proven resilient, despite law and order issues, political uncertainty and terrorism. It is a developing country that has strategic importance and growth potential. Pakistan is located at the junction of South Asia and Central Asia. Other neighbors include China and Middle East. It has vast population with diverse resources. The increase in Pakistan's young working population gives the country possibility to develop. Similar to most of the countries, unemployment is a grave concern over here too.

Pakistan is facing major economic and financial issues. The natural disaster of 2010 and 2011 left an adverse impact on Pakistan's economy. However, the rapid progress of human development is a key to maintain the dying economy. Although, the education enrollment rates are increasing in Pakistan but still are behind other neighboring countries. Moreover, the gender inequality continues in the areas of education, health and economy. Pakistan lags behind in the female labor force in south Asia. Health and Nutrition are also big challenges. In spite of this, Pakistan is the lowest spender on child education and health care. It will be difficult for Pakistan to meet the targets of MDG 2015. There is a constant decline in poverty trends, and it may decline to further levels.

Discussion

International Lending Institutions

World Bank

The Country Partnership of World Bank is directly linked with the development of Pakistan. The bank supports to maintain the economy of Pakistan by providing lower cost power supply, energy trade across the borders, education establishments, reducing gender inequality

and urban-rural difference and health sector. The World Bank is supporting Pakistan in four major pillars;

a) Helping in improving economic growth

b) Helping in humans' development and their protection.

c) Providing infrastructure to encourage growth

d) Improving security measures

Furthermore, the bank will continue the projects of $4.0 billion in new International Development Association. In 2013, the bank will stick to 24 act projects of $4.89 billion. WB invested $1.1 billion in the education sector of two large provinces of Pakistan: Punjab and Sind. IMF

IMF has also sanctioned a loan of $5.3 Billion with facility of extended fund (EFF). IMF would clear the way for other financial institutions to assist Pakistan in its socio and economic growth (IMF, 2013). The country partnership strategy of Asia Development Bank offers the framework for the developing countries like Pakistan. ADB supports in the infrastructure sectors of Pakistan. The energy, transport, trade and water units are supported through ADB's partnership priorities. The bank is supporting economic reforms in order to accelerate the creation of the market. The strength of financial and fiscal management needs to be reformed, So as to build good environment for investment in the private sector. This development will improve the living standards of poor urban citizens (ABD, ...