World Bank Group Timeline

The 2030 Agenda for Sustainable Development or, as it will be more commonly known, the Sustainable Development Goals (SDGs) were developed by the United Nations with strong participation from the World Bank Group. The SDGs are a set of action-oriented goals that are consistent with the Bank’s twin goals: ending extreme poverty and sustainably building shared prosperity. They are guided through a new framework and related set of commitments called the Addis Ababa Action Agenda (AAAA), which was endorsed two months earlier on July 27, 2015. With 17 goals and 169 targets, the SDGs aim to address the goals and targets from the MDGs that were not achieved and to recognize and act on urgent matters, such as poverty reduction, climate change, health, gender, and jobs. On September 25th, the same day the United Nations General Assembly passed a resolution adopting the Agenda, the World Bank Group, together with other international financial institutions, expresses support for the SDGs. “[I] am confident we can achieve the great aspirations of these new global goals – particularly the first, which is to erase the scourge of extreme poverty from our planet by 2030,” says World Bank Group President Kim. “We can, and must, end this terrible blot on our collective conscience.”