The 2018 Annual Meetings of the African Development Bank Group will be held on May 21-25, 2018 in Busan, Korea. Find out more
The African Development Bank’s commitment to support Sustainable Development Goals (SDGs) was reiterated during Norway’s International SDGs commitment seminar held in Oslo on June 6, 2016.
Frannie Leautier, Senior Vice-President of the AfDB, said to speed up Africa’s transformation over the next decade, the Bank will systematically leverage its own resources. “The Bank will become a catalyst for significantly scaled up development finance for Africa and for mobilising domestic resources,” she said, adding that these resources are critical to achieve the much-needed transformation.
Leautier called for partnerships, noting that financing the SDGs in Africa and across the world was far beyond the capacity of any one organization. “In particular, a central challenge is how to enhance collaboration between the public and the private sector in order to unleash the private sector’s vast potential as an engine for transformation and inclusive and shared growth,” she stated.
According to Leautier, if Africa succeeds in making progress towards the SDGs, then the world will have succeeded. Other speakers on the panel were Borge Brede, the Norwegian Minister of Foreign Affairs; and Kristin Halvorsen, Head of the Center for International Climate and Environmental Research. The discussion was led by David Nabarro, Special Adviser on 2030 Agenda for Sustainable Development.
The speakers deliberated on the importance of partnerships and how to achieve better synergies between the public and private sectors, and the civil society at local, national, regional and global levels. Panel members agreed that the SDGs present an opportunity for new solutions and will help in advancing the positive impacts on people globally.
The event, which was held in the context of Norway’s response to the SDGs, was organized by the Norwegian Ministry of Foreign Affairs, Yara International, NHO (an umbrella organization for the private sector in Norway), and the Norwegian Forum for Development and Environment (ForUM).
Foreign Affairs Minister Brede outlined five approaches for Norway to achieve the SDGs, namely: Addressing the causes of poverty; Using resources in a smarter and more strategic way; Promoting employment and job creation; Good governance; and Strong national leadership.