Forget GDP, ‘vulnerability index best gauges aid’ to small islands

islands aid gdp nations island
Middle East
  • Date: 01-Jul-2021
  • Source: The Guardian
  • Sector: Economy
  • Country: Middle East
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Forget GDP, ‘vulnerability index best gauges aid’ to small islands

Commonwealth research says UVI is better measure of small island states' aid needs, especially on climate

Small island nations on the climate crisis frontlines have been overlooked in overseas aid, according to a new index.

Urging a move away from the current benchmark of using gross domestic product (GDP) to measure aid allocation, researchers from the Commonwealth secretariat and the Foundation for Studies and Research on International Development (Ferdi), a French thinktank, have developed the universal vulnerability index (UVI) as an alternative. GDP, they claim, fails to reflect the realities nations face, particularly on climate.

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