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World risks spending $250 billion just to monitor U.N. development goals

Reuters has published a new article which reports on the findings from our research on Data for Development targets for the post-2015 development agenda. 

The report by Morten Jerven, a development expert at Simon Fraser University in Canada, estimated that each new target would cost $1.5 billion if it were tracked via censuses and surveys of households, living standards and health.

That would mean a total $254 billion for all 169, or about twice the amount of annual aid donations by developed nations worldwide, he wrote. Many developing nations, especially in sub-Saharan Africa, need aid to help improve data collection.

"If you are serious about monitoring development ... you need to narrow the list" of targets, Jerven told Reuters of his study for the Copenhagen Consensus Center, which seeks to put a price on challenges from fighting malaria to climate change."

Click here to read the full article.