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What is International Monetary Fund (IMF)

Impact of Infodemic on Organizational Performance
The international financial institution, based in Washington, DC, with 190 countries working to promote global financial cohesion, safeguard financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce global poverty while from time to time depending on the World Bank for its resources.
Published in Chapter:
The Impacts of the COVID-19 Outbreak on the Education Sector: Evidence From Pakistan
Syed Arslan Haider (Sunway University, Malaysia), Azeem Gul (National University of Modern Languages, Pakistan), Bilal Anwar (University of Sahiwal, Pakistan), Shehnaz Tehseen (Sunway University, Malaysia), and Shahid Iqbal (Bahria University, Pakistan)
Copyright: © 2021 |Pages: 18
DOI: 10.4018/978-1-7998-7164-4.ch018
Abstract
The COVID-19 outbreak has prevented students from contributing towards the economic growth of Pakistan. It first disrupted the education system in China and later entered Pakistan to close all levels of educational institutions/sectors since the middle of March 2020. This study aims to highlight the COVID-19 outbreak's effects on educational sector in Pakistan. Pakistan's overall public sector expenditure as a percentage of GDP before the pandemic was already low as compared to regional level, but due to the pandemic, it has dropped down significantly. This study seeks to answer two important questions: (1) What are the impacts of COVID-19 outbreak on Pakistan? (2) Will the closure of educational institutions impact the economic growth of Pakistan? According to empirical and theoretical findings, the results show that the lack of school education for a long period of time will contribute towards unskilled human capital. The COVID-19 outbreak has impacted student learning activities, which may increase the dropout rates, loss of mental health, and consequently, may impact the economic growth of Pakistan later.
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More Results
Charting the Path to Global Prosperity: Unveiling the Impact and Promise of Sustainable Development
The International Monetary Fund is an international organization established to promote global monetary cooperation, exchange stability, and balanced economic growth.
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Role of Global Institutions in Competency Development
The International Monetary Fund is a global entity working towards providing financial stability and ensuring global monetary co-operations between member nations.
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