![]() Indeed, most of the countries that have graduated or are simply eligible for graduation (the only exception is Nepal) have been found so on the basis of the other two criteria than vulnerability, namely per capita income and human capital. This would in itself be a step forward, but would not change (or would have changed very little) the probability of graduation for countries that were found eligible. Assuming that there is a consensus on the use of the MVI, one could imagine that it could replace the EVI used by the CDP for the identification of LDCs. ![]() This is what I argued in another panel entitled "MVI and Graduation" where I was invited. As agreed at the end of this panel, another event involving the same partner institutions should be organised before or during the June Summit in order to carry the same message further.įourth, the adoption of the Multidimensional Vulnerability Index (MVI) and even a consensus on its use will not have the full effect that is sometimes expected. I was asked to moderate this event, the theme of which corresponds to a priority for Ferdi, which has produced several works on it ( Guillaumont P., Wagner L., 2022 : Three criteria that a multidimensional vulnerability index should meet to be used effectively Guillaumont P, 2023: Taking into account vulnerability in the global distribution of concessional flows). independent of current policy) vulnerability index that could justify a higher level of development assistance (ODA) was the subject of an important event “ Achieving a fair and complete measurement of vulnerability: perspectives from the Small Islands Developing States (SIDS) on the vulnerability index” organised by the President of the Republic of Seychelles, Wavel Ramkalawan, in his capacity as chair of a group of island countries, together with the Secretary General of the OIF, Louise Mushikiwabo, the Secretary General of the Commonwealth, Patricia Scotland, and with the participation of several ministers including the French Secretary of State Chrysoula Zacharopoulou. Third, the call for a universal, multi-dimensional and structural (or exogenous, i.e. Under this initiative, Ferdi would be specifically responsible for monitoring the vulnerability of LDCs. ![]() The Organisation internationale de la Francophonie (OIF), the Commonwealth Secretariat and various other countries have also expressed interest in participating. This initiative has received the support of Finland, France, as well as the endorsement of UN-OHRLLS. As such it would examine the extent to which this implementation addresses the vulnerabilities characteristic of LDCs and contributes to their structural transformation. Bringing together several think tanks and institutions from the North and South, the purpose of the LDC5 Monitor will be to take an independent look at the implementation of the Doha agenda. Second, FERDI organised an event in collaboration with the OECD Development Centre and UNU WIDER to launch an "LDC 5 Monitor", a follow-up to the LDC4 Monitor. This event also provided an opportunity for the main authors of Out of the Trap to present the main findings of a forthcoming revised edition. It allowed FERDI to argue that the category, which still includes 46 member countries, keeps its rationale, but that its consistency could be strengthened by modernising the criteria used to identify LDCs and enhancing the role that vulnerability could play in these criteria (Guillaumont P, 2021 : The Rationale of the Least Developed Countries Category over Half a Century). It followed an event organised on the same topic in Paris in December 2021 to prepare Doha. ![]() Its aim was to celebrate the 50th anniversary of the category, which was created in 1971 - and to question its present meaning and role. The first event organised by FERDI at the beginning of the Conference was about the rationale, impact and prospects of the LDC category. FERDI, the works of which are to a large part focused on vulnerabilities, the least developed countries and development finance was actively involved in the Conference, in particular through five events, allowing it to present its views.
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