Deforested rural Ethiopia. Demotix/ Joshua Hergesheimer. All rights reserved.At the end of this year the Millennium Development Goals or MDGs, which have provided the overarching framework for international development for the last fifteen years will be succeeded by a new Sustainable Development Goals (SDGs) framework.
The idea of the SDGs came out of the “Rio+20” UN Conference on Environment and Development conference, held in Brazil in June 2012 twenty years after the landmark 1992 Earth Summit : which established an "inclusive and transparent intergovernmental process open to all stakeholders, with a view to developing global sustainable development goals to be agreed by the General Assembly".
While the process of formulating and agreeing the SDGs has been UN-led, the World Bank Group has taken a lead in developing recommendations for financing the post-2015 development agenda , in the lead up to the Third International Conference on Financing for Development, to be held in Addis Ababa in July.
