The case of Kenya illustrates all the details of the input that has been brought about by the involvement of international lending organizations. There are political, economic and social advancements that exhibit the value of international borrowing. All of these can be put together into a common conclusion that the nation has successfully beefed up its limited resources through the use of external aid. In fact, there are real time developments to look into in the validation of international borrowing as a key in of development.
Funding from international lending institutions like the World Bank and the IMF and the social, economic, or political development of the country
The interaction of the nation of Kenya and the World Bank dates back to the times of initial development immediately after independence (Honohan & Beck, 2007). The nation developed strategic plans of beating poverty. This was one of the historical formations of the first internal government. Through grants from the World ...
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...e nations can, therefore, align themselves with global standards of living if their leaders continue being accountable. It is possible to eliminate the presence of persons who live with daily earnings of less than one US Dollar.
Fenwick, J., & McMillan, J. (2010). Public management in the postmodern era: Challenges and prospects. Cheltenham, UK: Edward Elgar.
Fox, M. L., Liebenthal, R., & World Bank. (2006). Attacking Africa's Poverty: Experience from the Ground. Washington, D.C: World Bank.
Honohan, P., & Beck, T. (2007). Making finance work for Africa. Washington, DC: World Bank.
Njogu, K. (2007). Governance and development: Towards quality leadership in Kenya. Nairobi, Kenya: Twaweza Communications.
Van, . W. N. (2001). African economies and the politics of permanent crisis: 1979-1999. Cambridge [u.a.: Cambridge Univ. Press.
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