TNPSC Thervupettagam

Multidimensional Vulnerability Index

August 23 , 2024 11 hrs 0 min 24 0
  • The UN General Assembly has officially launched a new data-driven vulnerability index.
  • It incorporates indicators linked to a state's structural vulnerabilities and lack of economic, environmental and social resilience.
  • It would help small island states and developing nations gain access to low-interest financing.
  • The "Multidimensional Vulnerability Index" (MVI) is set to act as a complement to GDP and other development metrics.
  • Since the 1990s, small island developing states (SIDS) that are not poor enough in terms of GDP per capita to access low-interest development financing.

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