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Critical Topics and Their Significance for the UPSC CSE Examination on November 19, 2024
Daily Insights and Initiatives for UPSC Exam Notes: Comprehensive explanations and high-quality material provided regularly for students
For Preliminary Examination: Current events of national and international importance
For Mains Examination: GS II - International Organisations and their reports
Read about:
What is Multidimensional Vulnerability Index (MVI)?
What are all reports published by UN?
Key takeaways:
- UN General Assembly officially introduced a new data-driven “vulnerability” index designed to assist small island states and developing nations in accessing low-interest financing.
- The “Multidimensional Vulnerability Index” (MVI) is intended to complement traditional metrics like GDP by providing additional insights into vulnerability.
- Since the 1990s, small island developing states (SIDS) that do not qualify for low-interest development financing based on GDP per capita but are still susceptible to external shocks such as climate change have advocated for such a measure.
- After extensive discussions to finalize the framework of the new tool, the General Assembly adopted a resolution by consensus on Tuesday, which mandates that the UN and an independent expert committee regularly update the index.
- The MVI, based on recommendations from a UN high-level panel, includes indicators related to a state's structural vulnerabilities and its economic, environmental, and social resilience.
- These indicators cover factors such as reliance on imports, exposure to severe weather events and pandemics, effects of regional conflicts, refugee inflows, demographic pressures, availability of water and arable land, and child mortality rates.
- Initially proposed by small island states, the MVI is designed to assess vulnerabilities and resilience to external shocks across all developing countries, ensuring its credibility and comparability.
- Although the use of the index is voluntary, the resolution encourages UN bodies and multilateral development banks to consider integrating it with existing policies. The Alliance of Small Island States (AOSIS) has expressed support for the resolution
More Information
Important reports published by United Nations (UN)
- Human Development Report (UNDP)
- World Economic Situation and Prospects (UN DESA)
- World Investment Report (UNCTAD)
- Global Education Monitoring Report (UNESCO)
- State of the World's Children Report (UNICEF)
- World Health Statistics (WHO)
- Global Environment Outlook (UNEP)
- World Population Prospects (UN DESA)
- World Migration Report (IOM)
- Global Sustainable Development Report
Follow Up Question
1.Which of the following reports is NOT published by a United Nations agency?