Islamabad (Web Desk): International Day of Banks is being observed today (Wednesday) across the globe including Pakistan.
The day was established by the United Nations General Assembly (UNGA) through Resolution 74/245 on December 19, 2019, to highlight the significant role that both multilateral and national development banks play in financing sustainable development.
As per the UN, the day draws attention to the essential contribution of well-functioning banking systems in enhancing the quality of life for people around the globe.
The day also reflects the goals of the 2030 Agenda for Sustainable Development, which was adopted in 2015.
This global framework aims to tackle poverty, address climate change, and reduce inequality. To achieve these ambitious goals, it is necessary for governments, businesses, and civil society to work together.
The banking sector is crucial in this effort, as it can provide the financial resources needed to address the challenges that affect societies worldwide.
Through this observance, the importance of effective banking systems in supporting global progress is underscored, recognizing their role in driving economic development and improving standards of living.
