A balanced focus on both these aspects is a hallmark of sustainable development. 4. The need for sustainable development has been gaining ground both internationally and at the national level. The Framework for Strong, Sustainable and Balanced Growth is the signature effort of the G20 that was launched in its Pittsburgh Summit (September 2009).
The United Nations, post Rio+20 summit held in June 2012, has endorsed the idea of adopting Sustainable Development Goals (SDGs) in the post-2015 period, when the  BIS central bankers’ speeches  1  Millennium Development Goals (MDGs) period of 2000-2015 would end.