CHAPTER 2
SDG 8 (Decent Work and Economic Growth) is predomi- nantly supported by projects that aim to expand access to finance via financial institutions, addressing target 8.10 in particular (Table 8) . Projects approved since mid-2023 that back this goal include a ¤20 million private sector loan to Raiffeisenbank Albania to grow its lending to MSMEs and
women-led MSMEs and the agribusiness sector (targets 8.3 and 8.10). Another project example is a US$35 million private sector loan to Asaka Bank in Uzbekistan to support the agriculture sector and climate action projects in the country (target 8.10).
Table 8: Project contributions to SDG 8 targets
No. of contributing projects
% of contributing projects
SDG target
8.1 Sustain per capita economic growth in accordance with national circum- stances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries 6
13
8.2 Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors 6
13
8.3 Promote development-oriented policies that support productive activi- ties, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medi- um-sized enterprises, including through access to financial services
10
22
8.5 By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabili- ties, and equal pay for work of equal value 3
7
8.6 By 2020, substantially reduce the proportion of youth not in employment, education or training 4
9
8.10 Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all 15
33
8.a Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Frame- work for Trade-related Technical Assistance to Least Developed Countries 7
16
22
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