Published on 04 Mar 2025
• The UN General Assembly launched the Multidimensional Vulnerability Index (MVI).
• It seeks to help Small Island States and Developing Nations (SIDS) access low-interest financing from institutions like the World Bank and IMF.
• It complements GDP by including factors like climate risk, import dependency, and social pressures.
• The MVI addresses the challenges SIDS face despite not being poor by GDP standards, justifying concessional loans for their development needs.
Multidimensional Vulnerability Index
MVI
disaster
disaster management
disaster vulnerability
Small Island States and Developing Nations