World Bank and South Asia
SouthAsia’s cover story last month on World Bank and South Asia was a very informative read and provided a well-balanced approach to social development and the Bank’s role in South Asia. This region is home to one-fifth of the world’s total population and a lot needs to be done to bring about a positive change in the lives of these millions. An institution like the World Bank, through its structural reforms and development policies, has always succeeded in giving the nations a vision to dream for a better life. Let us all strive for a world free of disease, poverty and illiteracy. However, WB needs to realign its commitment in the region by making sure that the money for development sector goes in the right places and is not wasted in the name of corruption. Mike S. Verma, Chennai, India
(2) South Asia is a region marked with endemic poverty and mismanagement. The World Bank has remained a major player in the South Asian economies aiming to help the countries in reducing poverty and enhancing economic growth. However, the Bank needs to realize that foreign-funded programs in South Asian countries have most often failed to yield desired results. The foreign money could not achieve the goals of alleviation of poverty; provision of education, health and housing and social equality as was expected of it. Something has been missing and the sooner our international donor banks/agencies realize this, the better it will be for implementing stronger reforms for a largely deprived segment of the South Asian population.
Sana Iftikhar, Karachi, Pakistan