## Global Monitoring Report, 2009: A Development Emergency

_World Economic and Financial Surveys, April 27, 2009_

## Source details

**Canonical URL:** [Global Monitoring Report, 2009: A Development Emergency](https://www.imf.org/en/publications/other-official-rpts-and-docs/issues/2016/12/31/global-monitoring-report-2009-a-development-emergency-22900)

## Other formats

- [Markdown version](/en/publications/other-official-rpts-and-docs/issues/2016/12/31/global-monitoring-report-2009-a-development-emergency-22900/index.md)
- [Structured JSON version](/en/publications/other-official-rpts-and-docs/issues/2016/12/31/global-monitoring-report-2009-a-development-emergency-22900/index.json)
- [Bundle manifest](/en/publications/other-official-rpts-and-docs/issues/2016/12/31/global-monitoring-report-2009-a-development-emergency-22900/bundle-manifest.json)

## Bibliographic details
- Published: April 27, 2009
- Series: World Economic and Financial Surveys
- DOI: https://doi.org/10.5089/9780821378595.083

---

### Crisis overview and framing
- The global economic crisis is described as "the most severe since the Great Depression" and is "rapidly turning into a human and development crisis."
- No region is immune; poor countries are "especially vulnerable, as they have the least cushion to withstand events."
- The crisis follows the food and fuel crises and "poses serious threats to their hard-won gains in boosting economic growth and reducing poverty."
- The crisis is "pushing millions back into poverty and putting at risk the very survival of many."
- The prospect of reaching the Millennium Development Goals (MDGs) by 2015 "now looks even more distant."

### Impact assessment focus
- The report "provides a development perspective on the global economic crisis."
- It assesses the impact on:
  - developing countries,
  - their growth,
  - poverty reduction,
  - other MDGs.
- Emphasis on both the immediate human/development consequences and risks to medium-term development progress.

### Policy priorities and recommended responses
- A global crisis requires a global response.
- Immediate priority: stabilize financial markets in developed countries and counter the recession triggered by financial turmoil.
- Simultaneous priority: take "strong and urgent actions" to counter the impact on developing countries and help them restore strong growth while protecting the poor.
- The report "sets out priorities for policy response, both by developing countries themselves and by the international community."

### Role of the private sector
- The report "focuses on the ways in which the private sector can be better mobilized in support of development goals, especially in the aftermath of the crisis."

### Subjects and keywords (as listed)
- Subjects: Education, Financial crises, Health, Infrastructure, International trade, National accounts, Trade finance, Trade policy
- Keywords: a number of country, Africa, country, crisis, developing world, economy, financing, food crisis, Global, Infrastructure, low-income country, Middle East, MISC, MISC RPT, poverty impact, poverty reduction MDG, price, South Asia, Sub-Saharan Africa, Trade finance

---

## Content in this bundle

- **Global Monitoring Report 2009: A Development Emergency**
  - [Global Monitoring Report 2009: A Development Emergency (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/gmr/2009/eng/_gmr.pdf.md){rel="alternate" type="text/markdown"}
  - [Global Monitoring Report 2009: A Development Emergency (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/gmr/2009/eng/_gmr.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/other-official-rpts-and-docs/issues/2016/12/31/global-monitoring-report-2009-a-development-emergency-22900_