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GLOBAL CRISIS AND THE MDGs PERSPECTIVES, IMPACTS AND POLICY OPTIONS

Selim JahanDirector, Poverty Practice

October 2009

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Present crisis – multi-regional, multi-dimensional (3 Fs – food, fuels and financial) and volatile

Crisis began in developed world

Crises within the crisis – regional and country specificity

Economic and human impacts

Global and national action needed

AN EIGHT-POINT AGENDAFIVE INITIAL OBSERVATIONS

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Incidence of extreme poverty declined from 42 percent to 31 percent

Proportion of malnourished people declined form 20 percent to 17 percent

Child mortality rate – from 106 to 74 per one thousand live births

Net primary enrolment – increasedfrom 83 percent to 89% percent

Number of people newly HIV-infecteddeclined from 3.0 to 2.7 million

Share of female seats in parliamentsincreased from 10 percent to 17 percent

AN EIGHT-POINT AGENDAPRE-CRISIS MDG PROGESS

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An additional 55 to 90 million peoplewill be in poverty again

Number of working poor may swell by more than 200 million

An additional 20 million people will gohungry every night

Global unemployment may rise by 30Million

Between 200,000 and 400,000 more babies may die each year by now and2015

AN EIGHT-POINT AGENDAIMPACTS OF THE CRISIS ON THE MDGs -GLOBAL

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MDG progress reversed in manyCountries and decelerated in others

Countries, on track, now off-track

Middle-income countries also affected

More and deeper pockets of deprivations

Vulnerability of countries and People increased

AN EIGHT-POINT AGENDAIMPACTS OF THE CRISIS ON THE MDGs – COUNTRY-LEVEL

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Reviving economic growththrough appropriate strategies

Stimulus package if fiscal spaceavailable

Ensuring basic social services to poor people

Employment creation and publicWorks programme

Social protection and socialSafety nets

AN EIGHT-POINT AGENDAPOLICY OPTIONS - NATIONAL

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Part of the developed world’sstimulus package devoted topoor countries

Increasing ODA level to poorcountries

Maintaining trade opportunitiesfor the developing world

Increased support from multilateral organizations

South-South collaboration

AN EIGHT-POINT AGENDAPOLICY OPTIONS - GLOBAL

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THANK YOU

UNITED NATIONS DEVELOPMENT PROGRAMME

POVERTY PRACTICE