In light of the current global economic crisis, can the MDGs still be reached and how, from the World Banks point of view?
In 2004, the World Bank and the International Monetary Fund started producing the annual Global Monitoring Report, which focuses on how the world is doing in implementing the policies and actions for achieving the MDGs and related development outcomes. The reports provide a framework for accountability in global development policy. The latest Global Monitoring Report released in spring 2009 warns that the current global economic crisis and recession pose serious threats to the hard-won gains in achieving the goals, considering that estimates show an additional 55 million to 90 million people will be trapped in extreme poverty and more than a 1 billion people will be chronically hungry in 2009.
