Economics · Banking and Sustainable Development

Identify the set of statements that are factually correct regarding the interconnectedness of Sustainable Development Goals (SDGs) and the banking sector: Statement I: SDG 1 (No Poverty) and SDG 2 (Zero Hunger) are fundamentally linked to the banking sector through microcredit and agri-financing to enhance rural income and food security. Statement II: SDG 7 requires banks to focus exclusively on large-scale utility projects and discourage distributed small-scale projects. Statement III: SDG 5 mandates that commercial banks must achieve a minimum of 50% female representation on their Board of Directors by 2030. Statement IV: SDG 4 is linked to banking primarily through the provision of educational loans for higher and technical education. Statement V: SDG 17 explicitly calls for enhancing financial support for developing countries, including mobilizing private capital. Statement VI: A bank's policy to stop financing projects in regions with acute water stress supports targets under SDG 6 and SDG 12. Statement VII: The banking sector contributes to SDG 11 by financing affordable housing and green building projects.