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Multidimensional Vulnerability Index
August 23 , 2024
92 days
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- 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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