This presentation covered three areas: 1) a short history of the MDGs and their rationale, 2) progress on MDG8 (ODA, debt relief and access to markets), and 3) current challenges in light of the financial crisis and the projected economic downturn.
The MDG framework adopts a broad human development approach that has set ambitious targets that are attainable. But progress on MDG8 has not been sufficient to help attain these targets. ODA has faltered and fallen in 2006-2007, implying that it would have to be dramatically scaled up to reach 2010 targets. While there has been significant progress on debt relief, many countries remain at risk of falling back into debt distress, especially in light of the current crisis. And there has been only negligible progress on widening developing-country access to rich-country markets. The support that rich countries provide to their agricultural sector each year is more than three time higher than the ODA that they provide to developing countries. In the face of financial crisis and an impending global slowdown, progress on the MDGs will obviously become more difficult. While Asia is likely to continue growing (though more slowly), regions, such as Latin America, that are tied closely to the US economy will suffer and Africa will be the hardest hit. We have to continue the focus on Africa and emphasise achievable goals, such as further debt relief and the removal of agricultural subsidies. ODA has to be become more coordinated and effective and exploit the synergies in adopting an integrated cross-sectoral approach.
Read on to read a full report of the presentation.
Evolution of the Millennium Development Goals: Progress and Problems