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XXXVI Meeting of the Summit Implementation Review Group October 19 – 20, 2004 Washington D.C. “Economic Growth with Equity to Reduce Poverty” How to measure.

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Presentation on theme: "XXXVI Meeting of the Summit Implementation Review Group October 19 – 20, 2004 Washington D.C. “Economic Growth with Equity to Reduce Poverty” How to measure."— Presentation transcript:

1 XXXVI Meeting of the Summit Implementation Review Group October 19 – 20, 2004 Washington D.C. “Economic Growth with Equity to Reduce Poverty” How to measure progress ? XXXVI GRIC / SIRG GRIC inf 14/04 October 18, 2004 Original : English

2 The Office for the Summit Process, under the auspices of the OAS, acts as the institutional memory and technical Secretariat to the Summit process, supports the countries in Summit follow up and preparation for future Summits, coordinates the support of the OAS in the implementation of Summit mandates, and chairs the Joint Summit Working Group, which brings together international and Inter-American agencies.

3 Resolution 1994 Quito - General Assembly (XXXIV-O/04) Resolution 1994 Quito - General Assembly (XXXIV-O/04) “To request the General Secretariat to continue to serve, through the Secretariat for the Summit Process to support the follow-up and dissemination of mandates as well as the preparation and technical coordination of future summits; and to offer to help member states implement the mandates assigned in the Plans of Action”. Declaration of Nuevo León January 2004: Declaration of Nuevo León January 2004: “We call upon the Organization of American States, to continue deepening their support, through their respective activities and programs, and committing appropriate resources to implement and conduct follow-up on the Plans of Action of the Summits of the Americas, and the Declaration”.

4 Special Summit of the Americas Indicators Poverty and Income Distribution Poverty and Income Distribution Economic Growth Economic Growth Unemployment Unemployment Debt Management Debt Management Business Development Business Development Development Financing Development Financing Small And Medium Enterprises Small And Medium Enterprises Property Rights Property Rights Remittances Remittances

5 Indicators of Summit Progress Methodology  Information from trusted sources  Reference to the information sources  Most recent figures including the greatest number of countries possible  Data collected annually  Uniformity in the format

6 “reduce poverty, eliminate hunger, and raise the standard of living of the population…” Declaration of Nuevo León

7 HUMAN DEVELOPMENT INDEX 2004 Ranking Among 177 Countries Source: Human Development Report 2004, Cultural Diversity in today's diverse world. United Nations Development Programme

8 GROSS DOMESTIC PRODUCT PER CAPITA 2002 (PPP Purchasing Power Parity US$) (PPP Purchasing Power Parity US$)

9 “Achieve Economic Growth with Equity…” “Achieve Economic Growth with Equity…” Declaration of Nuevo León

10 Average Annual GDP Growth Rate (%) Source: Human Development Report 2004, Cultural Diversity in today's diverse world. United Nations Development Programme

11 Percent of the National Income Distribution - Highest 10% of the Population 2001 Source: World Development Indicators 2003 Edition. The World Bank

12 “improve the investment climate in our countries...” “improve the investment climate in our countries...” Declaration of Nuevo León

13 Business Competitive and Investment Climate Ranking 2003 Method: constructed from measures drawn primarily from the Executive Opinion Survey. Total of 95 countries Source: Business Competitiveness Ranking World Economic Forum Global Competitiveness Report

14 “mobilize resources for sustainable economic development” “mobilize resources for sustainable economic development” Declaration of Nuevo León

15 IDB 2003 $6,800,000,000 CAF 2002 $3,290,000,000 CDB 2002 $1,070,755,000 CABEI 2002 / 2003 $728,500,000 World Bank FY 2003 $5,820,500,000 TOTAL$17,709,755,000 Development Financing for Latin American and the Caribbean

16 “create productive jobs…” “create productive jobs…” Declaration of Nuevo León

17 UNEMPLOYMENT % OF LABOR FORCE 2001 The International Labour Organization (ILO) defines the unemployed as members of the economically active population who are without work but available for and seeking work, including people who have lost their jobs and those who have voluntarily left work. Some unemployment is unavoidable in all economies. Unemployment refers to the share of the labor force without work but available for and seeking employment. Definitions of labor force and unemployment differ by country Source: World Development Indicators 2003 Edition. The World Bank

18 “simplify the procedures and significantly reduce the time and cost of establishing business in each country of the region…” Declaration of Nuevo León

19 Establishing a Business: Average Number of Days Spent on Procedures (2004) Methodology: Time is recorded in calendar days. It is assumed that the minimum time required per procedure is one day. Time captures the median duration that incorporation lawyers indicate is necessary to complete a procedure. Source: Doing Business World Bank and Oxford University

20 Establishing a Business – Average Cost as a % of GNI per Capita (2004) Methodology: The text of the Company Law, the Commercial Code, and specific regulations and fee schedules are used to calculate costs Source: Doing Business World Bank and Oxford University

21 “the Inter-American Development Bank, triples, by the year 2007, its lending through the banking system to micro, small, and medium- sized enterprises…” Declaration of Nuevo León

22 IDB Lending to micro, small and medium-sized enterprises Support to SME 2003 NumberUS$ millions BID Global Credit Program130 IIC: Lending to SME thru intermediaries966 IIC: Guarantee Program for SME120 IIC: Supply Chain Program110 IIC: Joint Credit Programs with different development entities 130 MIF: Credits411 MSM: Credits114 TOTAL28 Source: Inter- American Development Bank

23 “Reduce the burden of debt service…” “Reduce the burden of debt service…” Declaration of Nuevo León

24 Total External Debt 2001 Source: World Development Indicators 2003 Edition. World Bank

25 Total Public Debt (%GDP) 2003 Source: IMF Western Hemispheric Department

26 “include collective action clauses in international bond issues…” Declaration of Nuevo León

27 Based on data on governing law of bonds in bond ware, as well as examination of particular bond contracts Source: Clifford Chance. International Bond Analyst Countries with collective Action Clauses in their international Bond Issues

28 “strengthen property rights, promote the related measures governing the transfer of property and property registries…” Declaration of Nuevo León

29 REGISTERING PROPERTY – Number of Procedures 2003 A procedure is defined as any interaction of the buying or selling company, its agents (if the agent is required by law) or the property itself with external parties, including government agencies, inspectors, notaries, lawyers, notaries, etc. Interactions between company officers and employees are not considered. Source: Doing Business World Bank and Oxford University

30 REGISTERING PROPERTY – Days Needed 2003 Time is recorded in calendar days. It is assumed that the minimum time required for each procedure is one day. Source: Doing Business World Bank and Oxford University

31 “reduce by at least half the regional average cost of remittances no later than 2008 …” Declaration of Nuevo León

32 Cost to Send from the U.S. Average Amount to Home Countries (June 2004) Source: Remittances to Latin America and the Caribbean: Issues and perspectives on development, Orozco Manuel

33 Next Step - Discuss base years - Evaluate the utility of the indicators presented here - Develop additional indicators in all areas of Summit commitments - Plan the use of indicators to show summit progress in a report to the Fourth Summit of the Americas

34 Office for the Summit Process Office for the Summit Process Organization of American States 1889 F Street NW Washington, DC USA Tel: , Fax:


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