Finance & Development, December 2003

Download or read book Finance & Development, December 2003 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2003-12-15 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes why the international community needs to act now to stand a chance of meeting the Millennium Development Goals (MDGs). The paper gives example of Ethiopia, one of the poorest countries in the world, with an estimated per capita income of about US$100. According to the World Bank, recent national household surveys find 44 percent of the people in Ethiopia cannot meet basic needs. The paper discusses that Ethiopia in many ways epitomizes why the MDGs are important and why more money is needed to achieve them.