The World Bank Group’s Twin Goals, the SDGs, and the 2030 Development Agenda
The World Bank Group has a treaty-based relationship with the United Nations (UN) that dates back to its founding, and through that relationship, works to build a partnership that supports Member States and contributes to effective development outcomes while preserving the distinct mandates of each institution. Over the years, the WBG has collaborated with the UN in nearly every region and sector, and its engagement has deepened since the adoption of the Millennium Development Goals (MDGs), and now with the Sustainable Development Goals (SDGs).
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 are aligned with the World Bank Group’s twin goals of ending extreme poverty and boosting shared prosperity, and the WBG is working with client countries to deliver on the 2030 agenda through three critical areas: (i) finance, (ii) data, and (iii) implementation – supporting country-led and country-owned policies to attain the SDGs.
TheSustainable Development Goalsadopted in 2015 are an historic global achievement. These 17 targets, in areas such as health, gender, jobs, and poverty reduction, are part of a comprehensive global agenda to end poverty in a single generation.
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.
Nearly 800 million people now live in extreme poverty – earning $1.90 per day or less. 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.
Over the past years, the World Bank Group has made several commitments related to the2030 Development Agenda, including, but not limited to: the MDBs agreement in Addis in 2015 to a collective $400 billion in development spending from 2016-2018, as well as measures to promote domestic resource mobilization; at our Annual Meetings in Lima, the Bank Group commitment to Household Budget Surveys for the 78 poorest countries; and the at Paris Agreement talks, the Bank Group’s announced targets for the percentage of our portfolio that will be climate financing.
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.
On thought leadership,a great deal of analytical rigor is required, and it is already underway, from theWorld Development Indicators, to theTrajectories for Sustainable Development Report, and expected adaptations to theGlobal Monitoring Report.
Our convening roleas 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-levelwe 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 durableglobalpublic goods to address global challenges. Each of these require action immediately if we are to have an impact by 2030 – the year we aspire to achieve both the World Bank Group’s twin goals, and the SDGS.
FAQs
The Bank Group has set two goals for the world to achieve by 2030: ending extreme poverty and promoting shared prosperity. These goals need to be pursued in a sustainable manner: socially, economically, and environmentally.
What are the 5 priorities of Agenda 2030? ›
- Goal 1: End poverty in all its forms.
- Goal 2: Zero Hunger.
- Goal 3: Health.
- Goal 4: Education.
- Goal 5: Gender equality and women's empowerment.
- Goal 6: Water and Sanitation.
The 2030 Agenda for Sustainable Development was launched by a UN Summit in New York on 25-27 September 2015 and is aimed at ending poverty in all its forms.
What is the main aim of Agenda 2030? ›
The 2030 Agenda envisions a secure world free of poverty and hunger, with full and productive employment, access to quality education and universal health coverage, the achievement of gender equality and the empowerment of all women and girls, and an end to environmental degradation.
Did the US agree to the 2030 Agenda? ›
The United States is committed to the full implementation of 2030 Agenda and the SDGs, at home and abroad. As a long-standing leader on global development, the United States is committed to reinvigorating action on this agenda alongside our partners around the world.
Who are those left behind referred to in the 2030 Agenda? ›
Those whose needs are reflected in the Agenda include all children, youth, persons with disabilities (of whom more than 80% live in poverty), people living with HIV/AIDS, older persons, indigenous peoples, refugees and internally displaced persons and migrants.
How many countries have signed up to the Agenda 2030? ›
The 2030 Agenda for Sustainable Development, approved in September 2015 by the United Nations General Assembly, establishes a transformative vision towards the economic, social and environmental sustainability of the 193 United Nations Member States that adopted it.
What is the United Nations Agenda 2030? ›
The 2030 Agenda also puts the principles of equality and non-discrimination at its heart, with a commitment to “leave no one behind” and “reach those furthest behind first”, special attention to marginalized groups, and two dedicated goals on combatting discrimination and inequalities (SDG 5 on gender equality and SDG ...
What is required for Agenda 2030 fulfilled? ›
That is why the 2030 Agenda is universal, applying to all countries and actors. It requires all nations to take climate action, reduce unemployment, strengthen gender equality and promote peaceful societies, to name a few, if the world is to eradicate poverty and shift into a more sustainable development.
What will happen in 2030 in the world? ›
By 2030 the average person in the U.S. will have 4.5 packages a week delivered with flying drones. They will travel 40% of the time in a driverless car, use a 3D printer to print hyper-individualized meals, and will spend most of their leisure time on an activity that hasn't been invented yet.
Leaving no one behind is the core principle of the 2030 Agenda for Sustainable Development, representing the commitment of all UN member states to eradicate poverty, terminate exclusion and discrimination as well as reduce inequalities – all being obstacles to the realisation of human rights for all.
What is the United Nations leaving no one behind? ›
Leave no one behind (LNOB) is the central, transformative promise of the 2030 Agenda for Sustainable Development and its Sustainable Development Goals (SDGs).
When did Agenda 2030 start? ›
On 1 January 2016, the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda for Sustainable Development — adopted by world leaders in September 2015 at an historic UN Summit — officially came into force.
What is the Universal Agenda 2030? ›
The 2030 Agenda for Sustainable Development sets out a vision for sustainable development grounded in international human rights standards, putting equality and non-discrimination at the centre of its efforts and encompassing not only economic and social rights but also civil, political, and cultural rights, and the ...
What are the concerns of Agenda 2030? ›
The increasing likelihood of Agenda 2030 objectives not being met within the expected timeframe calls for major transformation in: SDGs' financing; ecology and green recovery; citizens' empowerment; political commitment to collective action; as well as cooperation between public, private and non-profit sectors.
What countries signed the Agenda 2030? ›
In 2015, all 193 United Nations member countries signed on to 17 Sustainable Development Goals (SDGs) to "create the future we want in 2030."
What is the 2030 Agenda comprised of? ›
The 2030 Agenda responds to the many challenges faced by the world today and into the future. It aims to integrate the social, environmental and economic dimensions of sustainable development. The 2030 Agenda is comprised of the 17 Sustainable Development Goals (SDGs).
What is the main agenda of the World Bank? ›
The World Bank Group is one of the world's largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.
