After three days of negotiations in Addis Ababa, Ethiopia, the United Nations has established a new deal that will finance the U.N.’s new Sustainable Development Goals. Ultimately, these goals set a 2030 deadline to greatly reduce global poverty.
The negotiations in Addis Ababa involved representatives from around 200 different countries. Seventeen goals make up the new U.N. plan, which mainly includes large, overarching goals such as completely eliminating global poverty and hunger, obtaining gender equality worldwide, creating environmentally sustainable cities and ensuring everyone quality education.
These goals also come with a hefty price tag. U.N. experts estimate that the Sustainable Development Goals will cost around $3 trillion each year in order to properly finance each goal. World Bank President Jim Yong Kim also estimates that along with billions of dollars in foreign aid, these goals will require “trillions in investments.”
“This agreement is a critical step forward in building a sustainable future for all,” U.N. Secretary-General Ban Ki-moon said. “The results here in Addis Ababa give us the foundation of a revitalized global partnership for sustainable development that will leave no one behind.”
– Alexander Jones