The Banking Executive, Issue 155, November 2021

2021 G20 Rome Summit needs of the most vulnerable. We will continue to support ini- tiatives aimed at fighting AIDS, Tuberculosis and Malaria. We will pursue our efforts to en- hance innovation in digital and other health-related technolo- gies, taking into account the need to protect personal health data, encourage voluntary tech- nology transfer on mutually agreed terms, and work with the WHO towards updating and re- inforcing public health work- force operation standards through enhanced health curric- ula and training materials. To this end, we will pursue our engage- ment with the Global Innovation Hub for Improving Value in Health and we welcome the launch of the WHO Academy and initiatives such as the Public Health Workforce Laboratorium proposed by the Italian G20 Presidency. 9. Sustainable Development. We remain deeply concerned about the impacts of the COVID-19 cri- sis, especially in developing countries, which has set back progress towards the 2030 Agenda for Sustainable Develop- ment and the Addis Ababa Ac- tion Agenda. We reaffirm our commitment to a global re- sponse to accelerate progress on the implementation of the SDGs and to support a sustainable, in- clusive and resilient recovery across the world, able to pro- mote equity and accelerate progress on all SDGs, recogniz- ing the importance of nationally owned strategies, SDG localiza- tion, women and youth empow- erment, sustainable production and responsible consumption patterns, and access to afford- able, reliable, sustainable and modern energy for all. We will strengthen our actions to imple- ment the G20 Action Plan on the 2030 Agenda and the G20 Sup- port to COVID-19 Response and Recovery in developing coun- tries, building on the 2021 Rome Update, with particular regard to the most vulnerable countries. We welcome the progress made and reiterate our continued sup- port to African Countries, in par- ticular through the G20 Initiative on Supporting the Industrializa- tion in Africa and LDCs, the G20 Africa Partnership, the Compact with Africa and other relevant initiatives. We remain committed to addressing illicit financial flows. 10. Support to vulnerable countries. We welcome the new general al- location of Special Drawing Rights (SDR), implemented by the International Monetary Fund (IMF) on 23 August 2021, which has made available the equiva- lent of USD 650 billion in addi- tional reserves globally. We are working on actionable options for members with strong external positions to significantly magnify its impact through the voluntary channelling of part of the allo- cated SDRs to help vulnerable countries, according to national laws and regulations We wel- come the recent pledges worth around USD [45] billion, as a step towards a total global ambi- tion of USD 100 billion of volun- tary contributions for countries most in need. We also welcome the ongoing work to significantly scale up the Poverty Reduction and Growth Trust's lending ca- pacity and call for further volun- ISSUE 155 NOVEMBER 2021 the BANKING EXECUTIVE 39