Sustainable Development Goals
The Development Committee of the World Bank had a meeting in Lima, Peru on Oct. 10 and decided to prepare and invest US$400 billion for three years to come in order to achieve its Sustainable Development Goals (SDGs) for 2030.
The SDGs are the World Bank’s development goals for the period of 2016 to 2030. It consists of 17 categories, including the eradication of poverty, expansion of education opportunities, supply of decent jobs, and infrastructure construction.
In the meantime, Korean Deputy Prime Minister Choi Kyung-hwan is currently staying in the capital city of Peru to attend the conference and the annual general meeting of the IMF. He met with IMF Chief Christine Lagarde on Oct. 10 to discuss various issues.
The participants of the World Bank meeting, such as World Bank President Kim Yong, Christine Lagarde, U.N. Secretary-General Ban Ki-moon, and the financial ministers of the United States, Britain, Korea, and many more formed a consensus that the international community needs to work together so as to carry out the goals for 2030. They also emphasized the importance of international cooperation and the World Bank’s roles with regard to the fight against climate change, taxation system reform, and other issues.