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How should an MVI look?
How should an MVI look?
The MVI*s Development must be based on the following guiding principles as articulated in the Secretary-General*s Report on the potential development, finalization and use of a Multidimensional Vulnerability Index (MVI) for SIDS:
- Multidimensionality. Indicators should be drawn from all three dimensions of sustainable development (economic, environmental, social) to ensure equity and broad acceptance.
- Universality. The index should be designed to capture the vulnerabilities of all developing States well, so as to ensure credibility and comparability.
- Exogeneity. The index needs to clearly distinguish between exogenous and inherited factors to ensure compatibility with current performance-based allocation models.
- Availability. The index needs to employ available, recognized, comparable and reliable data, while approximations and imputations may be necessary to avoid inaction.
- Readability. The index*s design needs to be clear and easily understood, avoiding redundancy.
In addition:
6. corresponding measures of resilience should be employed to determine ※net vulnerability§ over time, such that measures of vulnerabilities are balanced by resilience, thus eliminating the need for perpetual support.