UDBL signs resolution on Agenda 2030

PIC: State Minister of Finance, Ajedra Gabriel Aridru, was the chief guest. (Courtesy photo)

FINANCIAL SECTOR

The Uganda Development Bank Limited (UDBL) has signed a resolution on the implementation of the Sustainable Development Goals, which aim to end poverty, hunger and inequalities within and between countries by 2030.

The resolution was signed by the bank's chief executive, Patricia Ojangole, in a ceremony that attracted more than 200 delegates at the Seventh Global Sustainable Finance Conference in Karlsruhe, Germany.

Ojangole said the resolution calls for a collective global action to ensure a level-playing field for all financial sector players, and promotion of innovation.

"In a nutshell, the resolution stresses the important role of the financial services industry in achieving the aspirations of Agenda 2030," she said in a statement.

In 2015, world leaders met at the UN offices in New York to adopt a new global plan of action for ending poverty, known as the Sustainable Development Goals (SDGs).

The SDGs also aim to protect the planet and ensure that all people enjoy peace and prosperity, and protect the planet and its natural resources.

These had 17 goals and 169 targets for resolving the social, economic and environmental problems troubling the world with in a 15 years period.

Ojangole said the resolution is a step towards ensuring that implementation of the 2030 Agenda for Sustainable Development gets the best possible start.

State Minister of Finance, Ajedra Gabriel Aridru, who was also the chief guest, said it is imperative to have a comprehensive, transparent and robust follow up system on the Agenda 2030.

The ceremony drew over 200 delegates from over 30 countries including high-ranking public officials and senior members of international financial industry.

The crafting of the "Karlsruhe Resolution" was a joint undertaking of the European Organization for Sustainable Development (EOSD), the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), the Association of African Development Finance Institutions (AADFI) and the City of Karlsruhe.