CHAPTER 2
SDG 8 - Decent Work and Economic Growth is predom- inantly supported by projects that aim to expand ac- cess to finance via financial institutions and the provi- sion of trade finance, addressing target 8.10 in particular (Table 8) . Projects approved since mid-2022 that back this goal include a ¤50 million loan to the Banque Ouest
Africaine de Developpement to provide sub-loans to SMEs and for green energy projects in Africa Region. Another project example is a US$30 million loan to The City Bank Limited to increase access to trade finance in Bangladesh, in particular for commodities such as sugar, maize and soybeans.
Table 8: Project contributions to SDG 8
SDG target
Nr. of contributing projects
% of contributing projects
8.1 Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
6
14%
8.2 Achieve higher levels of economic productivity through diversification, technological upgrading and innova- tion, including through a focus on high-value added and labour-intensive sectors 1 8.3 Promote development-oriented policies that support pro- ductive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterpris- es, including through access to financial services 6 8.4 Improve progressively, through 2030, global resource efficiency in consumption and production and endeav- our to decouple economic growth from environmental degradation, in accordance with the 10‑Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead 1 8.5 By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value 3
2%
14%
2%
7%
8.6 By 2020, substantially reduce the proportion of youth not in employment, education or training 2
5%
8.10 Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all 14
33%
22
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