UN Launches Multidimensional Vulnerability Index
On 13th August 2024, the UN General Assembly officially introduced the Multidimensional Vulnerability Index (MVI) to better support small island states and developing nations in accessing low-interest financing.
Key Points
- The MVI aims to complement traditional GDP metrics by providing a more comprehensive measure of vulnerability for small island states and developing nations.
- This new tool addresses the longstanding need for a measure that reflects vulnerabilities not captured by GDP per capita, especially in the context of external shocks like climate change.
- The index incorporates indicators related to economic, environmental, and social resilience, including factors such as import dependency, exposure to extreme ....
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