Living Conditions ( World Bank ) - 1619 Words

living conditions (World Bank). The rationale behind the large loan is the boost in temporary employment, the importance of using municipal government agents, and overall implementing structural changes that in turn would transform the state of Gabon in the long run. Other actions that have been taken include implementing social safety nets as a form of addressing the poverty associated with inequality. Programs such as â€Å"Carte d indigent† only focused on short-term transfers such as â€Å" free medicine, food, family allowance, and cash† in order to temporarily reduce the number of those under the poverty line (World Bank PRE). Unfortunately, these transfers were solely dependent on government funding and the shrinking social budget made the program practically worthless today. An emphasis can also be placed on the roots of inequality; poor governance with faulty transparency and a regime with various ties to privileged inner circles in France and domestically, lea ds the World Bank to classify Gabon as a â€Å"rent-based economy† (World Bank PRE). The emphasis on rent denotes the importance of how much inequality actually influence the economy in Gabon, especially when those additional profits come from manipulation of the rules and institutions to begin with. It is also important to note that the distinctions between urban and rural poverty have yet to be officially documented through an effective survey or metric. The reality is that a significant majority of Gabon does reside inShow MoreRelatedBlack Gold, The Ethiopian Coffee Farmers911 Words   |  4 Pages(such as IMF, World Bank, and WTO), I’ve learned that the rules that these institutions are putting forward are not really made to benefit the living standard of the people. Instead, they are actually there to help corporations accumulate higher profits and produce benefits to the rich countries which controls the institutions. Throughout the films and readings that weâ⠂¬â„¢ve covered in class, we’ve found several examples of how these institutions and other entities are degrading the living standard ofRead MoreThe Grameen Project : Grameen Bank As Part Of A Delivery Recovery Mechanism For Impoverished Individuals Living1169 Words   |  5 PagesGrameen Bank as part of a delivery-recovery mechanism for impoverished individuals living in Bangladesh. The Grameen Project went against the typical banking philosophy of the time with regards to who received loans and the re-payment structures for loans. The premise of the Grameen Project was that support groups would be beneficial for both the bank and the individual borrowing money, in that all individuals in the group would assume a moral responsibility for each other’s loans from the bank. AnyoneRead MoreHealth Of Health And Global Health1460 Words   |  6 Pageshave a negative effect on a person health because they do not have the sufficient funds for healthcare. A person living in poverty does not have the resources available; this can diminish the health of the individuals. Over billions of people in the developing world do not have the access to safe water and proper food supplies needed for the health of the individual. Many people living in poverty are not able to receive the immunizations need to develop resistance to diseases. â€Å"Over 2.2 million childrenRead MoreThe International Monetary Fund ( Imf )1501 Words   |  7 PagesTHE INTERNATIONAL MONETARY FUND (IMF) The IMF was set up during the Second World War in the year 1944. It started operation in 1947 and it has been working with the UNO since. Its headquarters is in Washington D.C in America. IMF provides short term loans to countries having problems of balance of payments. 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In 2001 Ghana declared itself as heavily indebted poor country, according to the then president John Agyekum Kuffour, the decision of Ghana to be part of this initiative was mainly because of the poor state of the economy. As a result of this the nation was expected to receive a total of 253 million dollars of IMF and the World Bank to help relieve the countryRead MoreEssay on Haiti: Lending Institutions, Health Care, and Human Capital1545 Words   |  7 Pageslimitations, most governments, particularly in the developing nations borrow funds from their bilateral friends and organizations such as World Bank and International Monetary Fund (IMF) in earnest to enable them pursue development projects, and sometimes to correct balance-of-payment deficits. Nevertheless, such governments must adhere to some outlined conditions that are spelt out in the article of agreement in order for them to secure the loans; otherwise, the loans are withheld (White, 2012). EquallyRead MoreCan Micro Loans Help Reduce Poverty in Developing Countries? Essay1176 Words   |  5 PagesReduction of poverty is the major concern of every developing country and even the developed nations. It can be reduced mainly by Economic Liberalization: Economic liberalization is protecting the property rights of the poor and according to the World Bank increasing the property right is one of the key factors in reducing the poverty. Increasing Capital, Infrastructure and Technology: Long Term economic growth can be achieved by increasing the human and physical technologies. Human technology isRead MoreUrbanization And Housing : The Impact Of Urbanization On Housing934 Words   |  4 Pagespopulations, particularly the poor, also share some important vulnerability. It is estimated that over 900 million people, one-third of the global urban population, and more than 70 percent of urban developing country populations, now live in slum like conditions. These are characterized by low incomes, poor housing and provision of basic services, and no effective regulation of pollution or ecosystem degradation (Campbell and Corvalan, 2007 P 111). Population growth rate of the city because of rural-urbanRead MoreEssay about urbanization in third world countries1309 Words   |  6 Pages Urbanization and its effect on third world living conditions Urbanization is the spreading of cities into less populated agricultural areas. Most people would not think that this is necessarily a problem. They would say that it is good that the â€Å"developing countries† were becoming more developed. With urbanization comes factories and more jobs, so the people can make more money and be happier. Right? The problem is that these people must sacrifice their traditional lifestyles, for this new â€Å"Urbanism†(the