Global Monitoring Report 2009 : A Development Emergency

The global financial crisis, the most severe since the great depression, is rapidly turning into a human and development crisis. The financial crisis originated in the developed world, but it has spread quickly and inexorably to the developing world, sparing no country. Increasingly it appears that this will not be a short-lived crisis. The poor countries are especially vulnerable, as they lack the resources to respond with ameliorative actions. The crisis poses serious threats to their hard- won gains in boosting economic growth and achieving progress toward the Millennium Development Goals (MDGs). Poor people typically are the hardest hit, and have the least cushion. For millions of them, the crisis puts at risk their very survival. At high- level meetings held in 2008 to mark the MDG halfway point, world leaders expressed grave concern that the world was falling behind most of the MDGs, with the shortfalls especially serious in human development, and issued an MDG call to action to step up development efforts. The U.K. prime minister spoke of a 'global poverty emergency.' These concerns were expressed before the onset of the full-blown global financial crisis. If there was development emergency then, there surely is one now. The financial crisis threatens serious further setbacks and greatly increases the urgency for action.

Bibliographic Details

Main Authors:	World Bank, International Monetary Fund
Language:	English
Published:	World Bank 2009
Subjects:	ACCESS TO FINANCING, ACCESS TO HEALTH SERVICES, AVAILABILITY OF CREDIT, AVERAGE DEBT, BABIES, BASIC SANITATION, BIODIVERSITY, BOND, BOND SPREADS, CAPITAL FLOWS, CASH TRANSFER, CHILD HEALTH, CHILD HEALTH CARE, CHILD HEALTH SERVICES, CHILD MORTALITY, CIVIL SOCIETY ORGANIZATIONS, CLIMATE CHANGE, COMMODITY PRICE, COMMODITY PRICES, COMPLICATIONS, COMPLICATIONS OF PREGNANCY, COUNTRY DEBT, CREDIT INFORMATION, CREDITOR, CURRENCY, DEBT REDUCTION, DEBT RELIEF, DEBT SERVICE, DEVELOPING COUNTRIES, DEVELOPMENT ASSISTANCE, DEVELOPMENT BANK, DEVELOPMENT EFFORTS, DEVELOPMENT FINANCE, DEVELOPMENT GOALS, DISBURSEMENTS, DISEASES, DISSEMINATION, DOMESTIC RESOURCE MOBILIZATION, EARLY CHILDHOOD, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ELIMINATION OF POVERTY, EMERGING MARKET, EMERGING MARKET COUNTRIES, EMERGING MARKETS, EMPOWERMENT OF WOMEN, ENVIRONMENTAL RESOURCES, ENVIRONMENTAL SUSTAINABILITY, EPIDEMIC, ESSENTIAL DRUGS, EXCHANGE RATE, EXCHANGE RATES, EXPENDITURE, EXPENDITURES, EXPORTERS, FINANCIAL CONSTRAINTS, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL DEVELOPMENT, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FISCAL CONSTRAINT, FLOW OF CREDIT, FOREIGN DIRECT INVESTMENT, FUND MANAGEMENT, FUTURE GROWTH, GENDER DISPARITY, GENDER EQUALITY, GENDER PARITY, GLOBAL ECONOMY, GLOBAL HEALTH, GLOBAL POVERTY, GOOD GOVERNANCE, GOVERNMENT CAPACITIES, GREENHOUSE GASES, GROSS DOMESTIC PRODUCT, GROSS NATIONAL INCOME, HEALTH CARE PROVIDERS, HEALTH CARE SERVICES, HEALTH SYSTEMS, HIV, HOUSEHOLD INCOME, HUMAN CAPITAL, HUMAN DEVELOPMENT, HUMAN IMMUNODEFICIENCY VIRUS, IMMUNIZATION, IMMUNIZATIONS, INCIDENCE OF POVERTY, INCOME INEQUALITY, INCOME LEVEL, INFANT, INFANT DEATHS, INFANT MORTALITY, INFANT MORTALITY RATE, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE FINANCING, INSTITUTIONAL CAPACITY, INSURANCE, INTERNATIONAL BANK, INTERNATIONAL BONDS, INTERNATIONAL COMMUNITY, INTERNATIONAL COOPERATION, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL TRADE, INVESTMENT CLIMATE, JOB CREATION, LARGE POPULATION, LEGAL STATUS, LEVELS OF EDUCATION, LIVE BIRTHS, LOW- INCOME COUNTRIES, LOW-INCOME COUNTRIES, LOW-INCOME COUNTRY, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICIES, MACROECONOMIC STABILITY, MALARIA, MARKET ACCESS, MATERNAL HEALTH, MATERNAL MORTALITY, MATERNAL MORTALITY RATIO, MICROFINANCE, MILLENNIUM DECLARATION, MILLENNIUM DEVELOPMENT GOAL, MILLENNIUM DEVELOPMENT GOALS, MONETARY FUND, MORTALITY RATE, MORTGAGE, MORTGAGE MARKET, NATIONAL GOVERNMENTS, NATIONAL POLICY, NUMBER OF PEOPLE, NUTRITION, OFFICIAL DEVELOPMENT ASSISTANCE, PARTICIPATION OF WOMEN, PHARMACEUTICAL COMPANIES, POLICY RESPONSE, POLICY RESPONSES, POOR HOUSEHOLDS, POOR PEOPLE, POPULATION SIZE, POVERTY REDUCTION, PREVENTABLE DISEASE, PREVENTABLE DISEASES, PRICE VOLATILITY, PRIMARY HEALTH CARE, PRIMARY SCHOOL, PRIMARY SCHOOL AGE, PRIMARY SCHOOLING, PRIVATE CAPITAL, PRIVATE CREDIT, PRIVATE INVESTMENT, PRIVATE INVESTMENTS, PROGRESS, PROVISION OF EDUCATION, PUBLIC DEBT, PUBLIC DEBT MANAGEMENT, PUBLIC FUNDS, PUBLIC HEALTH, PURCHASING POWER, PURCHASING POWER PARITY, REDUCING MATERNAL MORTALITY, REMITTANCES, REPRODUCTIVE HEALTH, RESPECT, RETURN, RURAL AREAS, SAFE DRINKING WATER, SAFE WATER, SAFETY NET, SAFETY NETS, SANITATION, SANITATION FACILITIES, SECONDARY EDUCATION, SERVICE DELIVERY, SLUM DWELLERS, SOCIAL PROGRAMS, SOCIAL SECTOR, SUSTAINABLE ACCESS, SUSTAINABLE DEVELOPMENT, SUSTAINABLE ECONOMIC GROWTH, TELECOMMUNICATIONS, TERTIARY EDUCATION, TRADE FINANCE, TRADE NEGOTIATIONS, TRANSPARENCY, TUBERCULOSIS, UNEMPLOYMENT, UNION MEMBERS, UNIVERSAL ACCESS, UNIVERSAL ACCESS TO TREATMENT, UNIVERSAL PRIMARY EDUCATION, URBAN AREAS, USE OF RESOURCES, VACCINES, VULNERABILITY, VULNERABLE GROUPS, WAR, WORLD HEALTH ORGANIZATION, YOUNG PEOPLE,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090511005424 https://hdl.handle.net/10986/2625
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