- International Monetary Fund
- Published Date:
- April 2010
|East Asia and Pacific||Latin America and the Caribbean||South Asia||High-income OECD countries|
|Korea, Dem. People’s Rep.||LIC||Colombia||UMC||Pakistan||LMC||Denmark|
|Lao PDR||LIC||Costa Rica||UMC||Sri Lanka||LMC||Finland|
|Marshall Islands||LMC||Dominica||UMC||Sub-Saharan Africa||Germany|
|Micronesia, Fed. Sts.||LMC||Dominican Republic||UMC||Greece|
|Papua New Guinea||LMC||Guatemala||LMC||Burkina Faso||LIC||Italy|
|Solomon Islands||LMC||Honduras||LMC||Cape Verde||LMC||Luxembourg|
|Thailand||LMC||Jamaica||UMC||Central African Republic||LIC||Netherlands|
|Vanuatu||LMC||Panama||UMC||Congo, Dem. Rep.||LIC||Portugal|
|Vietnam||LIC||Paraguay||LMC||Congo, Rep.||LMC||Slovak Republic|
|Europe and Central Asia||St. Kitts and Nevis||UMC||Eritrea||LIC||Sweden|
|Albania||LMC||St. Vincent and the Grenadines||UMC||Gabon||UMC||United Kingdom|
|Armenia||LMC||Suriname||UMC||Gambia, The||LIC||United States|
|Belarus||UMC||Venezuela, R. B. de||UMC||Guinea||LIC||Other high-income|
|Bosnia and Herzegovina||UMC||Guinea-Bissau||LIC||countries|
|Bulgaria||UMC||Middle East and North Africa||Kenya||LIC|
|Kazakhstan||UMC||Algeria||UMC||Liberia||LIC||Antigua and Barbuda|
|Kyrgyz Republic||LIC||Egypt, Arab Rep.||LMC||Malawi||LIC||Bahamas, The|
|Latvia||UMC||Iran, Islamic Rep.||LMC||Mali||LIC||Bahrain|
|Romania||UMC||Syrian Arab Rep.||LMC||Niger||LIC||Croatia|
|Serbia||UMC||West Bank and Gaza||LMC||Rwanda||LIC||Equatorial Guinea|
|Tajikistan||LIC||Yemen, Rep.||LIC||São Tomé and Principe||LMC||Estonia|
|South Africa||UMC||Hong Kong, China|
|Sudan||LMC||Isle of Man|
|Northern Mariana Islands|
|Trinidad and Tobago|
|United Arab Emirates|
|Virgin Islands (U.S.)|
ECO-AUDIT: Environmental Benefits Statement
The World Bank is committed to preserving endangered forests and natural resources. The Office of the Publisher has chosen to print Global Monitoring Report 2010: The MDGs after the Crisis on recycled paper with 25 percent post-consumer waste, in accordance with the recommended standards for paper usage set by the Green Press Initiative, a nonprofit program supporting publishers in using fiber that is not sourced from endangered forests. For more information, visit www.greenpressinitiative.org.
- 19 trees
- 6 million BTU of total energy
- 1,768 pounds of CO2 equivalent of greenhouse gases
- 8,515 gallons of wastewater
- 517 pounds of solid waste
What is the human cost of the global economic crisis? This year’s Global Monitoring Report, The MDGs after the Crisis, examines the impact of the worst recession since the Great Depression on poverty and human development outcomes in developing countries. Although the recovery is under way, the impact of the crisis will be lasting and immeasurable. The impressive precrisis progress in poverty reduction will slow. No household in developing countries is immune. Gaps will persist to 2020. In 2015, 20 million more people in Sub-Saharan Africa and 53 million more people globally will be in extreme poverty. Even households above the $1.25-a-day poverty line in higher-income developing countries are coping by buying cheaper food, delaying other purchases, reducing visits to doctors, working longer hours, or taking multiple jobs.
The crisis will also have serious costs on human development indicators:
- 1.2 million more children under age five and 265,000 more infants will die between 2009 and 2015.
- 350,000 more students will not complete primary education in 2015.
- 100 million fewer people will have access to safe drinking water in 2015.
History tells us that if we let the recovery slide and allow the crisis to lead to widespread domestic policy failures and institutional breakdowns in poor countries, the negative impact on human development outcomes, especially on children and women, will be disastrous.
The international financial institutions and international community responded strongly and quickly to the crisis, but more is needed to sustain the recovery and regain the momentum in achieving the Millennium Development Goals (MDGs). Developing countries will also need to implement significant policy reforms and strengthen institutions to improve the efficiency of service delivery in the face of fiscal constraints. Unlike previous crises, however, this one was not caused by domestic policy failure in developing countries. So better development outcomes will also hinge on a rapid global economic recovery that improves export conditions, terms-of-trade, and affordable capital flows—as well as meeting aid commitments to low-income countries.
Global Monitoring Report 2010, seventh in this annual series, is prepared jointly by the World Bank and the International Monetary Fund. It provides a development perspective on the global economic crisis and assesses the impact on developing countries—their growth, poverty reduction, and other MDGs. Finally, it sets out priorities for policy responses, both by developing countries and by the international community.