Arab Banks Union calls for gathering 1 tln USD to finance Sustainable Development Goals

By Eblt

BEIRUT, Sept. 18 (Xinhua) -- The Beirut-based Union of Arab Banks on Monday called on Arab banks to provide 1 trillion U.S. dollars to support the Sustainable Development Goals (SDGs) by 2030.

The call was jointly made with the United Nations Economic and Social Commission for West Asia (ESCWA) on the first day of the two-day SDG summit, which is being held in New York on the sidelines of this year's general debate of the General Assembly, according to an ESCWA statement.

The financing aims to accelerate SDG implementation in 22 Arab States and support the achievement of the six major SDG transitions in the following areas: social protection, energy, education, food systems, digital transformation, and biodiversity and nature, said the statement.

ESCWA noted that potential beneficiaries from the initiative include government, businesses of micro, small, and medium sizes, and households across the Arab region.

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