Sustainable and Targeted Poverty Solutions: Using the Multidimensional Poverty Index (UNGA 79)
Summary
This high-level side meeting, Sustainable and Targeted Poverty Solutions: Using the Multidimensional Poverty Index, co-hosted by the Federal Republic of Somalia and the MPPN, will bring together global leaders, senior government officials and international organisations.
Description
The event offers platform for leaders to share their experiences and commitments to using MPIs to accelerate poverty reduction and inform and develop innovative policy actions, especially in the wake of the pandemic, and given the uncertainties that are endemic to current times, plus fiscal constraints. It will underscore the significance of political leadership in achieving these goals during this crucial time. The time has come to end poverty hand-in-hand with strategies that address social needs and guarantee well-being for all.
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This event addresses a fast-growing community of practice at a time of heightened innovation. Already 84 countries report against SDG indicator 1.2.2 on multidimensional poverty, and 43 countries home to 3 billion people report national MPIs as this indicator with over 20 countries shortly to report. Existing National MPIs are disaggregated by 7,222 subnational units to track progress and tailor policy to precise needs, so that no one is left behind. While country experiences vary greatly, most official MPIs are used as a diagnostic tool to reveal who is poor, in what way, and to what degree, as a monitoring tool and to shape policy. This session offers space for creative exchange of experiences, experiments, and challenges. In addition, some countries have also developed multidimensional well-being measures, such as Bhutan's Gross National Happiness Index. These measures use the same methodology as the MPI and provide information on the overall well-being of society across a wider range of valuable dimensions.