The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the Asian Development Bank (ADB) and the UN Development Programme have launched a joint report, “Achieving the Millennium Development Goals in an Era of Global Uncertainty: Asia-Pacific Regional Report 2009/10.” The study examines the toll that the global economic crisis has taken on progress towards the Millennium Development Goals (MDGs) in the Asia-Pacific region, warning that the global economic crisis could trap an additional 21 million people in extreme poverty, living on less than $1.25 a day. The report identifies opportunities for action, noting that long-term social protection can actually strengthen Asia’s resilience against future shocks. Above all, it emphasizes the importance of stronger regional cooperation to protect the region and its ability to fulfill the MDGs.
Asia-Pacific is the world’s most dynamic region. In the next few years it may have to serve as the engine that pulls the global economy out of recession.
Read the full-text here.