Millennium Development Goals Scenarios to 2015 and Beyond: An Integrated Micro-Macro Modelling Approach
In February 2014, experts of the Philippine Institute for Development Studies (PIDS), with technical support from UN-DESA, released a discussion paper titled "Millennium Development Goals Scenarios To 2015 And Beyond: An Integrated Micro-Macro Modelling Approach".
It shows that the costs of reducing poverty rates in half by 2015, an MDG goal, are prohibitive, and that reaching the goal by 2025 will require significant investment in poverty reduction for another 10 years. Financing this investment requires careful consideration by authorities to avoid excessive growth of foreign debt.
The paper is a result of the capacity development project "Strengthening Macroeconomic and Social Policy Coherence through Integrated Macro-Micro Modelling", led by UN-DESA and in coordination with the National Economic Development Authority (NEDA) and UNDP-Philippines.