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April 2011

MDG progress: diverse, hopeful

Delfin Go's picture

When I started looking at the Millennium Development Goals (MDGs) over a year ago, one puzzle befuddled me greatly: Why has the overall progress toward the MDGs been so mixed when the common observation is that the economic performance of developing countries has been markedly better for over a dozen years since the mid-1990s?

Until the recent economic crisis, the external environment has been favorable—trade was expanding, export prices were buoyant, and foreign aid and debt relief were being scaled up.

World Bank publishes latest commodity prices: April 2011

John Baffes's picture

Commodity prices (measured in U.S. dollars) except for energy retreated in March 2011. Energy prices surged by 9.6%. Non-energy prices declined by 4.8%; food prices dropped 5.2%; beverages remained unchanged; raw materials prices fell by 6.5%; metals and minerals drifted down by 4.8%. The US dollar depreciated 2.7% against the euro and 1.0% against a broad index of currencies.

 

 

Coordination among the G20 countries - a great responsibility

The G-20, as never before, has now the best opportunity to advance policy cooperation between emerged and developed world to address important unsustainable global imbalances we are confronting in order to attain a higher worldwide growth. Dealing with the global imbalances implies the identification and examination of the policies that have created such imbalances.