The MVI is designed to help small island states and developing nations access low-interest financing by assessing their vulnerability to external shocks.
It acts alongside traditional metrics like GDP to provide a more comprehensive view of a country’s vulnerabilities and resilience.
The index includes factors such as:
Import dependency, exposure to extreme weather events and pandemics, impacts of regional violence, refugees, demographic pressure, water and arable land resources and mortality of children under five
Development and Adoption:
Proposed by small island states and developed through discussions and expert input.
Officially adopted by the UN General Assembly with a resolution mandating ongoing updates.
Voluntary Use:
While the use of the MVI is optional, it is encouraged for use by UN bodies and development banks to enhance existing policies.
Expected Impact:
Aims to provide a new perspective on development challenges and facilitate better-targeted support for vulnerable countries.
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