The global community has spoken loud and clear: more resources must be mobilised to end extreme poverty and mitigate the effects of climate change. Blended finance – an approach to mix different forms of capital in support of development – is emerging as an important solution to help raise resources for the Sustainable Development Goals in developing countries. Blended finance will contribute to faster economic growth, but to achieve this it is vital to get donors into alignment. Official development assistance continues to be sustainable development goals ghana pdf key way to finance efforts aimed at eradicating extreme poverty.
However, the challenge is more than governments alone can manage. We must all think, work, finance and deliver development differently to mobilize private-sector resources and expertise to help the world’s poorest and most vulnerable people. Canada continues to promote innovative approaches to finance development and achieve sustainable growth for everyone. The Honourable Marie-Claude Bibeau, Canada’s Minister of International Development and La Francophonie. Overview: What will it take to make blended finance work for the Sustainable Development Goals? The report launch took place in Paris on the 29th of January during an OECD conference on “Private Finance for Sustainable Development”. Webinar: Watch recording of the webinar and learn about the report’s findings, learnings from case studies, new figures on blended finance funds and facilities, and the gaps and opportunities around monitoring and evaluation.
New OECD report on Green Growth Indicators 2017 – Progress is solid but still too slow. OECD at COP23: Find out more on the OECD Work on climate change and the OECD side events programme. 2009 OECD Declaration on Green Growth. With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress.
Senior Vice President, Mahmoud Mohieldin, spoke at EAFIT University in Medellin to a group of presidents of large corporations committed to integrating the SDGs into their core businesses. For more on his engagement, see the video with an EAFIT University professor. Sustainable Development took place from July 10-19, 2017, at UN Headquarters in New York. Eradicating poverty and promoting prosperity in a changing world. One of the toughest environmental and social challenges of our time is managing the mobility of people and goods. By 2030, passenger traffic will exceed 80,000 billion passenger-kilometers—a fifty percent increase—and freight volume will grow by 70 percent globally. World Bank Group-IMF Spring Meetings on April 20.
Member States and contributes to effective development outcomes while preserving the distinct mandates of each institution. 2015 was a historic year with the adoption of a new approach to development finance through the Addis Ababa Action Agenda, the 2030 Agenda and the Sustainable Development Goals, a disaster risk framework in Sendai, and the Paris Climate Agreement at COP21. These efforts will guide the UN system and the UN-World Bank Group partnership through 2030. The SDGs, which were formulated with strong participation from the World Bank Group, are fully consistent with the World Bank Group’s own twin goals to end poverty and build shared prosperity in a sustainable manner. For the first time, the world has set a deadline for ending extreme poverty — by 2030. Among the 17 SDGs, ending extreme poverty is goal number one, and it is the same for the World Bank Group. The World Bank Group can help catalyze the SDGs and the rest of the 2030 agenda through thought leadership, global convening, and country-level uptake.
Our convening role as an institution will continue to involve us as leaders and members of global partnerships, of course exploiting the Bank’s own comparative advantages, while bringing along other partners to fill gaps, especially the private sector. Finally, at country-level we need the World Bank Group listens to our country partners that are seeking to reach the SDGs. The SDGs and twin goals help us focus our conversations with country clients around shared goals, and solidify global partnerships to build durable global public goods to address the world’s toughest challenges — such as fragility, climate change, pandemics, or stunting — each which has devastating effects on the poor and vulnerable. Each year will bring new challenges and opportunities for engagement. The Bank Group has unique assets in financing and knowledge which can contribute to the development of more durable global public goods to address global challenges. World Bank Group’s twin goals, and the SDGS.