Now that we're in 07, 2015 doesn't seem all that far away. I've been hearing alot of discussion around the real attainability of MDGs recently. A recent paper by the World Bank assesses how much more funding would be required to reach the goal of reducing world poverty by 50%: an additional US$39 to $54 billion per year. The estimated costs for acheiving the MDG goals are: Education $10 - $30 billion, Health: $20 - $25 billion, Environment $5 - $21 billion, Total: $35 - $76 billion. However, as reaching the poverty goal will help reach the other goals and vice versa the final estimate is $40 to $60 billion per year. Putting a dollar amount on itself is actually the simple part- this additional aid will not be sufficient to attain the goals, as many countries will have to reform their policies and improve service delivery to make the additional spending effective.
Labels: MDG

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