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Millennium Development Goals (MDG) Gap Task Force Report 2010

The Global Partnership for Development at a Critical Juncture

image of Millennium Development Goals (MDG) Gap Task Force Report 2010
Much progress has been made since 2000, but there is still a great deal more to be achieved in order to fulfill the promise of the Millennium Development Goals (MDGs). In this sense, the global partnership for development stands at a critical juncture, with only five years left until the 2015 deadline to delivery on the commitments made and to achieve the MDGs. Remaining gaps are still very large and there have been setbacks because of the global food, energy and financial crises. The deadline for commitments in a number of crucial areas (including increased aid volume, improved aid effectiveness, and the conclusion of the Doha Round of trade negotiations) is 2010, but there is little prospect of successful delivery. The report identifies the implementation gaps in the commitments made under MDG 8 and provides recommendations on how to address them, on strengthening the global partnership, and achieving the MDGs.

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Executive summary

The world economy is recovering from its most severe downturn since the Great Depression of the 1930s. The recovery is still very fragile and uneven, however. The global jobs crisis has not subsided, as can be seen from persistent high unemployment rates in the major developed countries and increased rates of underemployment and vulnerable employment in many developing countries. The lack of recovery in employment presents a risk for output recovery as it suppresses consumption and investment demand. Fiscal and monetary stimulus measures have been critical in preventing the global recession from turning into a new depression and remain a main driving force in the ongoing recovery. But such stimuli have also widened fiscal deficits in a number of countries, especially in many advanced economies, where public debt is approaching critical levels.

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