Credit helps to improve financial status so that a person can buy homes, get credit cards, and build trust between financial institutions and the consumer. Despite the many benefits to having access to credit, Albania still seems to have a low credit market. Credit access in Albania is low due mostly in part to a […]
In Tanzania, Africa, many children struggle just to get a meal. Tanzania has suffered from reoccurring droughts throughout the region that make farming difficult and food scarce. However, since 2002, the McGovern-Dole International Food for Education and Child Nutrition Program has provided school meals of rice and beans for more than 100,000 students a day […]
For the past few years, Mongolia has experienced a detrimental cycle of harsh weather conditions that has been termed “dzud.” Winters are defined by temperatures at -40 degrees Celsius or below, and spring shortages of food and water lead to intense loss of livestock. To top matters off, droughts in the summer make everything from […]
Djibouti is a small country nestled next to landlocked Ethiopia on the Horn of Africa. It lies on the western bank of the strait between the Red Sea and the Gulf of Aden. Despite its advantageous position, Djibouti is a poor nation: 41 percent of the population is poor; 23 percent live in extreme poverty. […]
Honduras is the only country in its region to be self-sufficient in energy. Infrastructure in Honduras has shifted from oil import dependency to self-created hydroelectric power. The El Cajón Dam and Rio Lindo/Yojoa system established Honduras’ hydroelectric potential with a total energy output of 577 megawatts (MW). One MW hour can power about 650 residential […]
Development projects in Chad range from economics to livestock, but all focus on the country’s stabilization in a war-torn region. Chad borders the Central African Republic, which has undergone a series of military coups and remains a volatile region with escalating attacks on civilians. Chad has worked to bolster itself against the effects of its […]
Access to credit and other financial services can lead to profound positive effects on the overall health and welfare of a country, but these services can often be hard to come by in developing nations. This makes it harder for people to start a business or borrow money when an unforeseen circumstance leads to a loss […]
Bolivia is a is one of the most isolated countries in South America and is landlocked, bordering Brazil, Paraguay, Argentina, Chile and Peru. Infrastructure in Bolivia has changed rapidly in recent years as communication has adapted to new technology. This is exemplified by the continued rapid growth of cellular phone use in the country. Although […]
In 2003 Croatia received help from the World Bank to fix damage due to the war from 1991 to 1995. The Bank has rehabilitated roads, improved health care and implemented a national environmental action plan. Since joining the European Union in 2013, Croatia has followed strict guidelines keeping their country up to standards. Infrastructure in […]
A developing country struggles substantially more when hit by natural disasters because of a lack of funding and resources. Vietnam, since 1986, is transitioning from an agrarian economy into a more industrial and market-based society. Because Vietnam is prone to natural disasters the ability for development becomes easily stunted. The GDP in Vietnam has shown […]
