The World Bank defined sustainable economic development as a situation under which extreme poverty is reduced to such an extent that the number of people making a living on less than $ per day will eventually be lowered to less than 3 per cent of the total global population by 2030.
Likewise, the transparent and consistent implementation of the European Union’s fiscal and economic governance framework over time and across countries remains essential to bolster the resilience of the euro area economy. Improving the functioning of Economic and Monetary Union remains a priority.