The estimated cost of achieving the Millennium Development Goals
In 2005, Jeffrey Sachs, the Special Economic Adviser to the United Nations led an international team of economists to set out a plan to end extreme poverty by 2025. The thinking behind the plan was set out in Jeffrey Sach’s book, “The End of Poverty – How we can make it happen in our lifetime.”
Chapter 15 of the book sets out the numeric conclusions of the work carried out for the United Nations.
Table 3 of the Chapter is entitled “Estimated Cost of Meeting the MDG’s in Every Country” and this contains the conclusion that the “Total Indicative Net ODA Needs for the MDG’s,” in 2015, is $195 billion dollars. (“Table 3:” Chapter 15 of ‘The End of Poverty’ by Jeffrey Sachs).
Using a dollar to sterling conversion rate of 0.61, $195 billion converts to £119 billion, which has been rounded up to £120 billion on the Five Apples web site.
Of this £120 billion, it was estimated that £50 billion should go to Sub-Saharan Africa.
Table 1 of the Chapter contains the conclusion that $83.4 billion of the total requirement should go to Sub-Saharan Africa. (“Table 1:” Chapter 15 of ‘The End of Poverty’ by Jeffrey Sachs).
Using a dollar to sterling conversion rate of 0.603, $83.4 billion converts to £50.29 billion on the Five Apples web site.
The estimated cost of achieving the Millennium Development Goals
In 2005, Jeffrey Sachs, the Special Economic Adviser to the United Nations led an international team of economists to set out a plan to end extreme poverty by 2025. The thinking behind the plan was set out in Jeffrey Sach’s book, “The End of Poverty – How we can make it happen in our lifetime.”
Chapter 15 of the book sets out the numeric conclusions of the work carried out for the United Nations.
Table 3 of the Chapter is entitled “Estimated Cost of Meeting the MDG’s in Every Country” and this contains the conclusion that the “Total Indicative Net ODA Needs for the MDG’s,” in 2015, is $195 billion dollars. (“Table 3:” Chapter 15 of ‘The End of Poverty’ by Jeffrey Sachs).
Using a dollar to sterling conversion rate of 0.61, $195 billion converts to £119 billion, which has been rounded up to £120 billion on the Five Apples web site.
Of this £120 billion, it was estimated that £50 billion should go to Sub-Saharan Africa.
Table 1 of the Chapter contains the conclusion that $83.4 billion of the total requirement should go to Sub-Saharan Africa. (“Table 1:” Chapter 15 of ‘The End of Poverty’ by Jeffrey Sachs).
Using a dollar to sterling conversion rate of 0.603, $83.4 billion converts to £50.29 billion on the Five Apples web site.