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World Bank’s Global Monitoring Report Examines the Impact of the Recession on the MDGs

May 19, 2010

The MDGs After the Crisis, Global Monitoring Report, World Bank, May 2010

This year’s Global Monitoring Report (GMR), 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. Developing countries will 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, 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.

Access the report online here.

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