G20 Development Working Group Submissions
1.2 Unique Approach - G20 Development
Principles
The G20 provides a unique forum for tackling
development challenges. If used effectively, it has
significant potential to drive reforms to improve
the enabling environment for development and
to remove constraints to sustainable growth and
poverty reduction. It has the convening power of the
leaders of 19 of the world's systemically significant
economies and the EU, and brings together emerging
and established donors. G20 members account for
90 per cent of global GDP, 94 per cent of official
development assistance (ODA) and almost 70 per
cent of the world's population. These characteristics
and the approach the G20 takes to development
make its development agenda distinct.
The G20's approach to development is characterized
by its overarching focus on international economic
cooperation and is framed by the six G20
Development Principles (see Box 1) set out in the
Seoul Development Consensus.
G20 development actions must have the capacity
to significantly improve prospects for inclusive,
sustainable and resilient economic growth
(principle 1) consistent with the G20 Framework.
A cornerstone of the development agenda is the
G20's commitment to engage developing countries,
particularly low income countries (LICs), as equal
partners (principle 2). This principle of fostering a
global development partnership is especially
relevant to the DWG's accountability process, as it
affirms the importance of encouraging accountable
and transparent partnerships. The same holds
true for principle 6, which explicitly requires the
implementation of G20 development actions to be
monitored through an accountability framework.
In prioritizing its energies to focus on global or
regional systemic development issues where the
G20 can help catalyze collective and coordinated
action, its members highlighted the importance of
harnessing South-South and triangular cooperation
(principle 3). Further, as job creation and economic
growth are the overriding objectives of the G20
and its development agenda, encouraging private
sector participation in development outcomes
should be a key focus (principle 4).
Another key criterion for G20 development actions
is that they should be complementary to existing
development efforts and avoid duplicating other
forums such as the United Nations or World Bank
(principle 5). Rather than creating one more
G20 Development Principles
1. Focus on economic growth
2. Global development partnership
3. Global or regional systemic issues
4. Private sector participation
5. Complementarity
6. Outcome orientation
international body with a development agenda,
the G20 intends to use its convening power in a
targeted way and in line with its core growth and
jobs objective, while supporting broader efforts to
achieve the MDGs.
These principles seek to ensure that the G20 uses its
convening power judiciously by focusing its energies
and leader-level engagement on areas where its
impact is tangible and significant
(principle 6).
1.3 Organization and Focus of G20
Development Working Group
The DWG is co-chaired by the presidency "Troika"
and a developing country representative. Its work
program has been structured according to the nine
"pillars" of the MYAP where G20 actions were
identified as necessary to resolve the most significant
bottlenecks to inclusive, sustainable and resilient
growth in developing countries: infrastructure, human
resource development, trade, private investment
and job creation, food security, resilient growth,
financial inclusion, domestic resource mobilization
60View entire presentation