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Add to Preferred SourcesThe World Bank Group (WBG) welcomed Hyundai Steel Co., Ltd as a new partner in the World Bank Group Partnership Fund for the Sustainable Development Goals (SDG Fund).
Hyundai Steel’s $85,000 contribution will support the Fund’s core activities to strengthen countries’ capacity to achieve inclusive and sustainable growth paths toward the SDGs.
Hyundai Steel Company is the first private sector entity to partner with the SDG Fund, joining the governments of Sweden and the Republic of Korea. Hyundai Steel Company’s contribution exemplifies the Fund’s commitment and vision for public-private partnerships in implementing the 2030 Agenda.
“We are delighted to welcome Hyundai Steel as the first private sector partner of the SDG Fund,” said Mahmoud Mohieldin, WBG Senior Vice President for the 2030 Agenda, United Nations Relations and Partnerships. “There is a clear need to catalyze and crowd in private sector investment to support SDG action. Hyundai Steel’s partnership with the World Bank Group underscores our shared objectives to support sustainable and inclusive growth in client countries.”
Established less than one year ago, the SDG Fund supports partnerships across the public and private sectors to strengthen countries’ capacity through analytical tools and data, knowledge products, and implementation support for achieving the SDGs. To date, the SDG Fund has enabled 46 country pilots in every region of the world, working in areas such as the digital economy, gender, inclusion, data, human development, in addition to capacity building and technical assistance efforts.
Original source: World Bank
Published on 24 September 2019