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Wednesday, 11 December 2019

Investment in human capital, infrastructure a necessity for sustainable development: World Bank official

MENA , Monday 4 Nov 2019
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The engagement of society in decision-making expedited the realisation of sustainable development objectives, said World Bank (WB) Group Senior Vice President for 2030 Development Agenda Mahmoud Mohie El-Din on Monday.

He stressed the importance of investment in human capital and infrastructure to achieve sustainable development.

While addressing the "Voice of Egypt" summit, held on Monday within the framework of the second day of the Arab Sustainable Development Week that opened Sunday, Mohie El-Din reviewed the international vision towards the realisation of sustainable development.

He pointed out to the 17 general goals required to attain sustainable development as well as the 169 sub-goals and the 230 indicators outlined to follow up all aspects of development.

Fighting poverty, promoting education and ensuring gender equality top the objectives of the sustainable development, Mohie El-Din said, pointing out to the importance of promoting the prevention systems against risks threatening markets and societies.

As for the poverty indicators, Mohie El-Din said the current figures in this regard that date back to 2015 required update, adding that the main reasons behind poverty were political tensions, fragile conditions, conflicts and the unfavourable investment atmosphere.

The global growth is sluggish, investments are observing the lowest rates along with various challenges currently facing the world, including climate change, conflicts, environmental problems as well as problems of resource management, said the World Bank official. 

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