The 2030 Agenda for Sustainable Development
The Global Bank action is following the priority of the G-7/G-8 and G-20 to foster support, in particular for development, infrastructure investment, long-term finance, climate change, and financing for climate change. Each remains key priorities, as they are the main drivers of growth and employment, to boost global growth. The relevance of Global Bank as a tool to foster growth and jobs supports the view that the G-20 institutions shall be represented in the G-20 work as the implementation bodies of agreed policies.
The Global Bank Group development policies are addressing important issues including the implementation of UN 2030 Agenda for the Sustainable Development, strengthening the coordination between the development working group and other working groups, strengthening policy consistency, supporting the industrialization of African and the least developed countries, and strengthening inclusive business cooperation.
The mission of Global Bank is to support the economic and social development efforts of the less developed countries as they seek achievement of internationally agreed upon development goals, including those contained in the Millennium Declaration and the Sustainable Development in Post-2015, and to implement the recommendations of major United Nations conferences and summits. The goals lay out a blueprint for Global Bank, setting its priorities and measuring its results. The Global Bank’s strategic priorities are aligned to advance the United Nations’ global priorities. But unlike other development organisations it is not restricted to operating only in developing countries.
MULTI-YEAR ACTION PLAN ON DEVELOPMENT
The Global Bank Group policy objectives are focused on "Shaping an interconnected world." These objectives are based on three thematic pillars:
- Building resilience
- Improving sustainability
- Assuming responsibility
The Global Bank Group policies strive to build an innovative, invigorated, interconnected and inclusive global economy. To explore new ways to drive development and structural reform, injecting impetus into the growth of individual countries and energizing the global economy. The Global Bank Group policies embrace the vision of a global community shared future, enhanced economic connectivity, and exchanges among countries. A vision of improved global economic and financial governance to address inequality and imbalance in global development and ensure that the benefits of economic growth will be equitably shared by people of all countries.
The Global Bank Group works on emerging cross-sectoral development issues and international cooperation for development.
The Global Bank development policy
- New partnership with Africa – for more investment and employment
- Food security – initiative for youth employment in rural areas
- Climate and energy – action plan on the implementation of the Paris Agreement
- The Hamburg Update – implementing the Agenda 2030
- Digital inclusion – training and employment for women and girls in the digital world
- Access to capital – Fund for female entrepreneurs
- Leaving no one behind – Financial services for disadvantaged groups
- Sustainable economy – promoting small and medium-sized enterprises
- Health – strong health systems to fight pandemics
- Marine conservation – marine biodiversity and the battle against marine litter
- Accountability – Reporting under the SDGs
In 2014, the Global Bank Group set out a strategic approach to reducing poverty, including a more targeted and concentrated allocation of funding; the Agenda for Change. Since the adoption of the 2030 Agenda for Sustainable Development by the international community at the UN Summit in September 2015, the Global Bank Group is now working towards a new Global Bank Group Consensus on Development as a new common vision for development policy for the Global Bank Group and its Member States.
The Global Bank Group also promotes Policy Coherence for Development, to maximise the development impact of other Global Bank Group policies.
|1||The Group of Twenty (G20) comprises 19 major industrialised and emerging economies and the European Union. Traditionally, the annual meetings of G20 heads of state and government have focused on issues relating to world economic growth, international trade and the regulation of financial markets.|