World Bank Group Provides Update on Activities to Implement 2030 Agenda

News, August 31 2018

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NEW YORK, USA: The World Bank Group has provided an overview of its work on each of the 17 SDGs. The second edition of its publication titled, ‘Implementing the 2030 Agenda,’ outlines the Group’s work on sustainable development, mapped to the Global Goals, and offers a snapshot of projects at local, national, regional and global levels. It also provides insight into the World Bank Group’s cross-cutting initiatives on data, disruptive technologies and finance, among others.

The publication articulates two overarching goals that the World Bank Group has set for the world to achieve by 2030: end extreme poverty and promote shared prosperity, which must be met within a sustainable environment. To this end, a Strategic Partnership Framework between the UN and the World Bank Group was signed in May 2018, which aims to enhance cooperation in areas of finance, action on climate change, work in post-crisis and humanitarian settings, and data.

On finance, which the publication identifies as one of the World Bank Group’s “most substantial contributions” towards implementing the SDGs, initiatives aim to increase financial resources, improve domestic resource mobilization (DRM), mobilize the private sector and develop tools that address and support the provision of global public goods. Measures include increasing financial capacity, as agreed by shareholders during the April 2018 Spring Meetings of the World Bank Group, coordinating under the Platform for Collaboration on Tax to reduce illicit financial flows, and piloting a ‘Maximizing Finance for Development’ approach in nine countries.

For the full article, visit the source: IISD SDG Knowledge Hub

Re-posted with permission

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