UN can’t do it alone, MDG requires a cumulative and concerted effort
2001 was a landmark year in the global war against the scourge of poverty. Under the initiative of erstwhile UN Secretary General Kofi Annan, the world identified the urgent need to address egregious social and economic conditions in impoverished nations and remove them substantially under the Millennium Development Goals (MDG); to be achieved by 2015.
If these goals are achieved, the world’s poverty will be reduced by 50% and billions of people will benefit from the fruits of development accomplished from it. However, with only 5 years to go, the progress is far behind schedule. It started off well, with financial aid from developed countries coming handsomely, but recession brought the aid down. The US donated only $598 million in 2009; EU offered $1.3 billion in 2010.
2001 was a landmark year in the global war against the scourge of poverty. Under the initiative of erstwhile UN Secretary General Kofi Annan, the world identified the urgent need to address egregious social and economic conditions in impoverished nations and remove them substantially under the Millennium Development Goals (MDG); to be achieved by 2015.
If these goals are achieved, the world’s poverty will be reduced by 50% and billions of people will benefit from the fruits of development accomplished from it. However, with only 5 years to go, the progress is far behind schedule. It started off well, with financial aid from developed countries coming handsomely, but recession brought the aid down. The US donated only $598 million in 2009; EU offered $1.3 billion in 2010.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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