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Some of MDG 8 Results

According to the World Bank, under the Enhanced HIPC Initiative, IDA has committed more than $16.4 billion of HIPC debt relief. IDA’s aid for trade financing rose from $2.6 billion a year between 2002 and 2010 to an average of $4,4 billion a year in 2011 and 2013.

The International Finance Facility for Immunization (IFFIm), for which the World Bank serves as treasury manager, has raised more than $3.6 billion on capital markets since 2006  to fund immunizations in the poorest countries.

 

  • Burkina Faso: Child mortality decreased to 104 deaths per 1,000 children in 2009—half the rate of 1999.
  • Cameroon: 7.2 million urban dwellers had access to better water sources in 2012.
  • Afghanistan: 18 million people had access to a phone in 2012, up from just 57,000 functioning phone lines in 2002.

MDG8 calls on development partners to work together to ensure trade is fair, heavily indebted countries receive relief, funds are available to tackle poverty, essential drugs are available and affordable, and poor countries benefit from new information and communication technologies.

In 1996, the World Bank and International Monetary Fund launched the Heavily Indebted Poor Countries (HIPC) Initiative so countries encumbered by debt could get back on their feet. In 2006, the Multilateral Debt Relief Initiative (MDRI) was launched to provide additional resources to HIPCs to meet the MDGs. By June 2010, $76.4 billion in HIPC debt relief had been committed to 36 countries, of which 30 countries have received an additional $45.8 billion under the MDRI. For the 36 countries that have benefited from debt relief, expenditures on health, rural infrastructure, education and other needs increased on average from 6.3 percent of GDP in 2001 to 8.8 percent of GDP in 2011.

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Tagged in: MDG World Bank
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EuropeLogo eInfastructure This project has received funding from the European Union's Seventh Framework Programme for research, technological development and demonstration under grant agreement no 313203
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