Lead agencies: United Nations (DSG), UN-DESA, IMF Cooperating agencies: All agencies
The capacity of countries to respond to the multifaceted challenges of the crisis is uneven and also depends on adequate and relevant information on a range of economic, social, environmental and political developments and trends. The challenge facing the UN System is to mobilize and make available relevant information for decision making in a form that is usable, reliable, accurate, regular and timely, in particular to inform decision makers on emerging and developing vulnerability of countries and peoples around the world.
The Monitoring and Analysis aspect of the Joint Crisis Initiative is based on three pillars:
1. Global Impact and Vulnerability Alert System (GIVAS) GIVAS aims to fill the information gap that currently exists between the point when a global crisis impacts vulnerable populations and when solid quantitative information reaches decision-makers through official statistical channels. The added-value of the System will be the compilation of real time data and analysis from a variety of reliable sources covering multiple dimensions of vulnerability that will help the international community respond in a more effective and timely fashion.
2. Integrated Monitoring and Analytical System for Crisis Response The integrated Monitoring and Analytical System for Crisis Response addresses three challenges: (a) To bring existing information together into an effective monitoring framework that allows for real-time assessments; (b) To analyze risks related to different types of shocks, their transmissions, and likely effects on developing countries and various population groups; and (c) To inform policy makers such they can design adequate responses and to monitor the effectiveness of the policy actions taken. The integrated Monitoring Framework serves as part of the broader GIVAS.
3. Monitoring Economic and Financial Policies – IMF Surveillance IMF Surveillance is the monitoring of economic and financial policies and key systemic risks. In addition to the efforts to resolve the present global economic and financial crisis, steps to prevent its recurrence are gaining importance. IMF surveillance is therefore a key tool of international economic and financial monitoring and a potent platform of global economic policy coordination.