And so, the UN was quick to distinguish the Goals from its predecessors (Millennium Campaign).
For one, says the UN, the MDGs are a "compact", with the distribution of responsibilities across the North-South divide made clear. Poor countries - the so-called "South" - must be more accountable, utilize its national resources more efficiently, and practice good governance all around. In return, the wealthier countries of "the North" will grant debt relief, pave the way for fair trade, and provide funding for national MDG campaigns, together with international finance institutions like the World Bank and the International Monetary Fund, as well as their regional counterparts, such as the Asian Development Bank (ADB) and the African Development Bank (AfDB).
The UN also notes that the world enjoys an unparalleled level of prosperity - hundreds of billions are being spent on the campaign against terrorism and on agricultural subsidy. Meanwhile, it has been estimated that, every year, the MDGs will require an additional US$50 billion in aid. The UN believes that sufficient resources are available to put an end to poverty.
The MDG signatories also designed the Goals to be time-bound. To monitor progress, each goal is broken down into 18 targets and 48 corresponding quantitative indicators. ...Show more