Progress of Mdgs in Kenya
Progress towards reaching the goal has been uneven. The major countriesthat have been achieving their goals include China[whose poverty population has reduced from 452 million to 278 million]and India due to clear internal and external factors of population and economic development.However,areas needing the most reduction,such as the Sub-Saharan Africa regions have yet to make any drastic changes in improving their quality of life.In the same time as China the Sub-Saharan Africa reduced their poverty about one percent,and are at a major risk of not meeting the MDGs by 2015.
Fundamental issues will determine whether or not the MDGs are achieved,namely gender,the divide between the humanitarian and development agendas and economic growth,according to researchers at the Overseas Development Institute.
To accelerate progress towards the MDGs,the G-8 Finance Ministers met in London in June 2005[in preparation for the G-8 Gleneagles Summit in July]and reached an agreement to provide enough funds to the World Bank,the IMF,and the Devolopment Bank to cancel an additional $40-55 billion debt owned by members of Highly Indebted Poor Countries[HIPC].This would allow impoverished countries to re-channel the resources saved from forgiven debt to social programs for improving health and education for alleviating poverty.
Backed by G-8 funding,the World Bank,the IMF,and the ADB each endorsed the Gleaneagles plan and implemented the Multilateral Debt Relief Initiative to effectuate the debt cancellations.The MDRI supplements HIPC by providing each country that reaches the HIPC completion point 100% forgiveness of its multilateral debt.Countries that previously reached the decision point became eligible for full debt forgiveness once their lending agency confirmed that the countries had continued to maintain the reforms implemented during the HIPC status.Other countries that subsequently reach the completion point automically receive full forgiveness