World BankInternational Monetary Fund2012-03-192012-03-192009978-0-8213-7859-5https://hdl.handle.net/10986/2625The global financial crisis, the most severe since the great depression, is rapidly turning into a human and development crisis. The financial crisis originated in the developed world, but it has spread quickly and inexorably to the developing world, sparing no country. Increasingly it appears that this will not be a short-lived crisis. The poor countries are especially vulnerable, as they lack the resources to respond with ameliorative actions. The crisis poses serious threats to their hard- won gains in boosting economic growth and achieving progress toward the Millennium Development Goals (MDGs). Poor people typically are the hardest hit, and have the least cushion. For millions of them, the crisis puts at risk their very survival. At high- level meetings held in 2008 to mark the MDG halfway point, world leaders expressed grave concern that the world was falling behind most of the MDGs, with the shortfalls especially serious in human development, and issued an MDG call to action to step up development efforts. The U.K. prime minister spoke of a 'global poverty emergency.' These concerns were expressed before the onset of the full-blown global financial crisis. If there was development emergency then, there surely is one now. The financial crisis threatens serious further setbacks and greatly increases the urgency for action.CC BY 3.0 IGOACCESS TO FINANCINGACCESS TO HEALTH SERVICESAVAILABILITY OF CREDITAVERAGE DEBTBABIESBASIC SANITATIONBIODIVERSITYBONDBOND SPREADSCAPITAL FLOWSCASH TRANSFERCHILD HEALTHCHILD HEALTH CARECHILD HEALTH SERVICESCHILD MORTALITYCIVIL SOCIETY ORGANIZATIONSCLIMATE CHANGECOMMODITY PRICECOMMODITY PRICESCOMPLICATIONSCOMPLICATIONS OF PREGNANCYCOUNTRY DEBTCREDIT INFORMATIONCREDITORCURRENCYDEBT REDUCTIONDEBT RELIEFDEBT SERVICEDEVELOPING COUNTRIESDEVELOPMENT ASSISTANCEDEVELOPMENT BANKDEVELOPMENT EFFORTSDEVELOPMENT FINANCEDEVELOPMENT GOALSDISBURSEMENTSDISEASESDISSEMINATIONDOMESTIC RESOURCE MOBILIZATIONEARLY CHILDHOODECONOMIC DEVELOPMENTECONOMIC GROWTHELIMINATION OF POVERTYEMERGING MARKETEMERGING MARKET COUNTRIESEMERGING MARKETSEMPOWERMENT OF WOMENENVIRONMENTAL RESOURCESENVIRONMENTAL SUSTAINABILITYEPIDEMICESSENTIAL DRUGSEXCHANGE RATEEXCHANGE RATESEXPENDITUREEXPENDITURESEXPORTERSFINANCIAL CONSTRAINTSFINANCIAL CRISESFINANCIAL CRISISFINANCIAL DEVELOPMENTFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL SYSTEMFINANCIAL SYSTEMSFISCAL CONSTRAINTFLOW OF CREDITFOREIGN DIRECT INVESTMENTFUND MANAGEMENTFUTURE GROWTHGENDER DISPARITYGENDER EQUALITYGENDER PARITYGLOBAL ECONOMYGLOBAL HEALTHGLOBAL POVERTYGOOD GOVERNANCEGOVERNMENT CAPACITIESGREENHOUSE GASESGROSS DOMESTIC PRODUCTGROSS NATIONAL INCOMEHEALTH CARE PROVIDERSHEALTH CARE SERVICESHEALTH SYSTEMSHIVHOUSEHOLD INCOMEHUMAN CAPITALHUMAN DEVELOPMENTHUMAN IMMUNODEFICIENCY VIRUSIMMUNIZATIONIMMUNIZATIONSINCIDENCE OF POVERTYINCOME INEQUALITYINCOME LEVELINFANTINFANT DEATHSINFANT MORTALITYINFANT MORTALITY RATEINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE FINANCINGINSTITUTIONAL CAPACITYINSURANCEINTERNATIONAL BANKINTERNATIONAL BONDSINTERNATIONAL COMMUNITYINTERNATIONAL COOPERATIONINTERNATIONAL DEVELOPMENTINTERNATIONAL FINANCEINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL TRADEINVESTMENT CLIMATEJOB CREATIONLARGE POPULATIONLEGAL STATUSLEVELS OF EDUCATIONLIVE BIRTHSLOW- INCOME COUNTRIESLOW-INCOME COUNTRIESLOW-INCOME COUNTRYMACROECONOMIC MANAGEMENTMACROECONOMIC POLICIESMACROECONOMIC STABILITYMALARIAMARKET ACCESSMATERNAL HEALTHMATERNAL MORTALITYMATERNAL MORTALITY RATIOMICROFINANCEMILLENNIUM DECLARATIONMILLENNIUM DEVELOPMENT GOALMILLENNIUM DEVELOPMENT GOALSMONETARY FUNDMORTALITY RATEMORTGAGEMORTGAGE MARKETNATIONAL GOVERNMENTSNATIONAL POLICYNUMBER OF PEOPLENUTRITIONOFFICIAL DEVELOPMENT ASSISTANCEPARTICIPATION OF WOMENPHARMACEUTICAL COMPANIESPOLICY RESPONSEPOLICY RESPONSESPOOR HOUSEHOLDSPOOR PEOPLEPOPULATION SIZEPOVERTY REDUCTIONPREVENTABLE DISEASEPREVENTABLE DISEASESPRICE VOLATILITYPRIMARY HEALTH CAREPRIMARY SCHOOLPRIMARY SCHOOL AGEPRIMARY SCHOOLINGPRIVATE CAPITALPRIVATE CREDITPRIVATE INVESTMENTPRIVATE INVESTMENTSPROGRESSPROVISION OF EDUCATIONPUBLIC DEBTPUBLIC DEBT MANAGEMENTPUBLIC FUNDSPUBLIC HEALTHPURCHASING POWERPURCHASING POWER PARITYREDUCING MATERNAL MORTALITYREMITTANCESREPRODUCTIVE HEALTHRESPECTRETURNRURAL AREASSAFE DRINKING WATERSAFE WATERSAFETY NETSAFETY NETSSANITATIONSANITATION FACILITIESSECONDARY EDUCATIONSERVICE DELIVERYSLUM DWELLERSSOCIAL PROGRAMSSOCIAL SECTORSUSTAINABLE ACCESSSUSTAINABLE DEVELOPMENTSUSTAINABLE ECONOMIC GROWTHTELECOMMUNICATIONSTERTIARY EDUCATIONTRADE FINANCETRADE NEGOTIATIONSTRANSPARENCYTUBERCULOSISUNEMPLOYMENTUNION MEMBERSUNIVERSAL ACCESSUNIVERSAL ACCESS TO TREATMENTUNIVERSAL PRIMARY EDUCATIONURBAN AREASUSE OF RESOURCESVACCINESVULNERABILITYVULNERABLE GROUPSWARWORLD HEALTH ORGANIZATIONYOUNG PEOPLEWorld Bank10.1596/978-0-8213-7859-5