UNDP Annual Report 2009: Living Up to Commitments

11 12 2009

URL: http://www.reliefweb.int/rw/lib.nsf/db900sid/SNAA-7T674M/$file/undp_2009_en.pdf?openelement. Source: United Nations Development Programme (UNDP).

The burgeoning financial crisis that came to a dramatic head in September 2008 after more than a year of volatile food, energy and commodity prices compounded a series of shocks already being felt around the world. As daily headlines chart the ups and downs of stock prices and chronicle the failures of financial institutions and industrial giants, the international community must take a step back and examine what is at stake for the hundreds of millions in developing countries who had benefited from the strong growth of the past decade, as well as those who continued to struggle even during that period of global economic expansion, mired in abject poverty.

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