GOAL 10: Reduced Inequalities
What is to be achieved?
Global inequalities are very large and one of the biggest obstacles to sustainable development and poverty reduction. In recent years, inequalities within many countries have increased. Therefore, Goal 10 focuses on reducing inequalities within and between countries. Goal 10 calls for a sustainable increase in income growth for the poorest 40 per cent of the population. By 2030, all people should be empowered, and their social, economic, and political inclusion promoted. Equal opportunities shall be ensured through the elimination of discriminatory laws, policies, and practices. Orderly and safe migration and mobility of people shall be facilitated. Developing countries should be better represented in international economic and financial institutions and have a greater say in decision-making.
- By 2030, progressively achieve and sustain income growth above the national average for the poorest 40 per cent of the population.
- By 2030, empower all people regardless of age, gender, disability, race, ethnicity, origin, religion or economic or other status and promote their social, economic, and political inclusion.
- Ensure equality of opportunity and reduce inequality of outcomes, namely by eliminating discriminatory laws, policies and practices and promoting appropriate legislative, policy, and other measures in this regard.
- Adopt policies, in particular fiscal, wage, and social protection policies, and progressively achieve greater equality.
- Improve the regulation and supervision of global financial markets and institutions and strengthen the application of relevant rules.
- Ensure better representation and increased voice of developing countries in decision-making in global international economic and financial institutions to enhance the effectiveness, credibility, accountability, and legitimacy of these institutions.
- Facilitate orderly, safe, regular, and responsible migration and mobility of people, including through the application of planned and well-managed migration policies.
How is the objective to be achieved?
- Apply the principle of special and differential treatment to developing countries, the least developed countries, in accordance with World Trade Organisation agreements.
- Promote Official Development Assistance (ODA) and financial flows, including foreign direct investment (FDI), to those countries where the need is greatest, the least developed countries, African countries, small island developing States and landlocked developing countries, in accordance with their respective national plans and programmes.
- By 2030, reduce migrants’ remittance transaction costs to less than 3 per cent and eliminate remittance corridors with costs above 5 per cent.
