Commonwealth Secretariat with the Permanent Mission of Antigua and Barbuda to the UN
The objective of the joint side event is to discuss the informal use of vulnerability indices in development financing decisions, and to achieve clarity as to why development financing institutions do not find it appropriate to use vulnerability indices formally. The discussion is important for understanding how vulnerability indices influence the decisions of regional development banks like the ADB and CDB, as well as how does it determine the flow of financing from the EU.
The side event will advance current discussions in two ways:
Shed light on whether there is need for a single agreed vulnerability index or whether several vulnerability indices adapted for specific purposes, would suffice, if enabled and used formally
Inform on whether the informal use of vulnerability indices have a substantive impact on allocation decisions, and if so, is there a case for use of vulnerability indices by MDBs and IFIs, even if only informally