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In recent years the Asia-Pacific region, along with the rest of the world, has been assailed by a series of global crises, first the energy and food crises, and more recently the financial and economic crisis – all of which have presented threats to development and to the achievement of the Millennium Development Goals (MDGs). This report assesses the likely impact. First it tracks progress towards the Goals on the basis of data collected prior to the economic crisis on 21 out of the 60 official MDG indicators. Then it considers how this progress might be hindered by recent events. Drawing from the lessons of the crisis, the report also explores measures to make regional economies more socially resilient to economic cycles.

In recent years the Asia-Pacific region, along with the rest of the world, has been assailed by a series of global crises, first the energy and food crises, and more recently the financial and economic crisis – all of which have presented threats to development and to the achievement of the Millennium Development Goals (MDGs). This report assesses the likely impact. First it tracks progress towards the Goals on the basis of data collected prior to the economic crisis on 21 out of the 60 official MDG indicators. Then it considers how this progress might be hindered by recent events. Drawing from the lessons of the crisis, the report also explores measures to make regional economies more socially resilient to economic cycles.

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Macroeconomic Policy and Financing for Development Division +66 2 288-1234 [email protected]