International Banking Day: why is it celebrated on December 4th?

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On December 19, 2019, the United Nations General Assembly approved resolution 74/245, which previously designated December 4 as International Banking Day, in recognition of the enormous potential of multilateral development banks and other international development banks in financing sustainable development.

The resolution even highlights the vital contribution of banking systems Member States to improve living standards.

Previously, in September 2015, the Assembly set a series of targets. In the resolution called “Transforming our world: the 2030 Agenda for sustainable development”, adopted a broad set of people-centered, far-reaching, universal and transformative sustainable development goals and targets, committing to work tirelessly to achieve full implementation of the agenda by 2030.

Achieving sustainable development, in particular eradicating poverty, reducing inequalities and combating climate change, requires a long-term perspective, and that governments, private businesses and civil society get involved in addressing global challenges.

In times of financial insecurity, households often focus on their immediate needs. In turn, policymakers often rely on short-term political cycles.

Why do you spend a day with the banks?

The global economy is increasingly facing new challenges. One of them is the financial volatility, in addition to other problems of a political, social and environmental nature that make it more difficult to achieve the goals set in the 2030 Agenda for Sustainable Development.

On the other hand, one cannot ignore that many financial entities on the planet, tThey have a high level of indebtedness which does not allow them to meet their commitments due to changes in the international monetary system.

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Likewise, the national development banks which well managed, they have the capacity to help many countries develop financing plans that enable them to achieve sustainable development goals.

This plan established by the The United Nations It aims to meet the most immediate needs of several countries experiencing economic, social and environmental difficulties.

Disclaimer: This article is generated from the feed and not edited by our team.

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