You are in the STAGING environment

Document / Publication

  • Do more with your content!Discover PreventionWeb Services
  • Towards a multidimensional vulnerability index: Discussion paper

    Email sent!

    An email has been sent to the email addresses provided, with a link to this content.

    Thank you for sharing!


Towards a multidimensional vulnerability index: Discussion paper

Source(s):  United Nations Development Programme (UNDP)

This paper constructs a multidimensional vulnerability index (MVI) to account for both long-term structural vulnerabilities as well as the recent weaknesses uncovered by the pandemic. Most Small Island Developing States (SIDS) are still not eligible for concessional financing because they are classified as middle- or high-income countries. But they are more vulnerable than income data alone might suggest. SIDS face severe structural challenges due to their remoteness, economic concentration, and dependence on external flows such as remittances, foreign direct investment, and tourism revenues. The COVID-19 pandemic has greatly exacerbated these vulnerabilities by restricting travel, collapsing investment and tourism, and weakening the economies from which remittances are sent.

The multidimensional vulnerability index, using 11 indicators for 126 countries (including 34 SIDS), demonstrates that all but 5 SIDS are far more vulnerable than their income level would suggest. Using the MVI, the paper estimates that non-LDC SIDS would save close to 1.5% of GDP annually if their long term external public and publicly guaranteed (PPG) debt was funded at the same average interest rate of LDC-SIDS. This analysis implies the urgent need to reconsider eligibility for concessional financing to SIDS on vulnerability rather than just income criteria.

Add this content to your collection!

Enter an existing tag to add this content to one or more of your current collections. To start a new collection, enter a new tag below.

See My collections to name and share your collection
Back to search results to find more content to tag

Log in to add your tags
  • Towards a multidimensional vulnerability index: Discussion paper
  • Publication date 2021
  • Author(s) Assa, Jacob; Meddeb, Riad
  • Number of pages 24 p.

Please note:Content is displayed as last posted by a PreventionWeb community member or editor. The views expressed therein are not necessarily those of UNDRR PreventionWeb, or its sponsors. See our terms of use