G20 Development Working Group Submissions slide image

G20 Development Working Group Submissions

Under the French Presidency, the G20 advanced the food security agenda along three tracks (agriculture, development and finance), focusing efforts on reducing food price volatility and the impact of volatility on the most vulnerable. Agriculture ministers adopted an Action Plan on Food Price Volatility and Agriculture, which leaders endorsed in November 2011. . • and The DWG focused on: support for agricultural research and innovation for development, including results-based mechanisms capacity-building in tropical agriculture; better management and mitigation of risks associated with price volatility for the most vulnerable; stronger policy coherence and support for a global strategic framework for food security and nutrition in the Committee of World Food Security; nutrition interventions for the most vulnerable and access to humanitarian supplies; development of a pilot project for targeted regional emergency humanitarian food reserves; and responsible agricultural investment. The agriculture track launched the following initiatives: the AMIS and Global Agricultural Monitoring Initiative (GEOGLAM) to improve transparency in agricultural markets; the Rapid Response Forum (RRF) to promote international policy coherence and coordination; and the Wheat Initiative to coordinate and strengthen world wheat research. In addition to prioritizing infrastructure and food security, the French Presidency put particular emphasis on financial inclusion, through the GPFI, social protection floors and remittances. It also addressed financing for development, including innovative financing. 1.4.2 2012 Mexican G20 Presidency Under the Mexican Presidency, the DWG focused on infrastructure development, food security and inclusive green growth as cross-cutting issues, while continuing work on all MYAP pillars. On infrastructure, the lack of efficient infrastructure generates bottlenecks in economic growth and social development. Investments in infrastructure require substantial capital and take a long time to design and execute. To help developing countries, particularly LICs, manage these challenges, three infrastructure deliverables were presented to G20 leaders during the Mexican Presidency: the 2012 Follow-up Report on the MDB Infrastructure Action Plan; a report on Misperception of Risk and Return in Low Income Countries; and a report on Best Practices for Urban Mass Transport Infrastructure in Medium and Large Cities in Developing Countries. At the Los Cabos Summit, leaders recognized this work and supported the development of a toolkit based on a best practices report by the World Bank and the Asian Development Bank (ADB), which would help countries, regions, provinces and cities formulate policies and would serve as a useful guide to selecting from among multiple policy options. Leaders also agreed to disseminate the report on risk misperceptions. On food security, leaders agreed to focus on two lines of action. The first was to monitor the implementation of the 2011 Action Plan on Food Price Volatility and Agriculture. In particular, the G20 advanced implementation of initiatives that had shown good progress such as the Tropical Agriculture Platform, AgResults, the Scaling-Up Nutrition Movement, the Global Agriculture and Food Security Program and efforts to establish a humanitarian emergency food reserves system. The second was to increase production and productivity in a sustainable manner. The Agriculture Vice-Minister/Deputies Meeting Report made recommendations addressing this priority, with a focus on smallholders. Mexico hosted a meeting of Agricultural Chief Scientists (MACS) of the G20 countries to encourage cooperation in research and innovation. Finally, at the Los Cabos Summit, G20 leaders welcomed considerable progress in implementing MYAP actions and committed to continue efforts to address food security challenges. On inclusive green growth (IGG), G20 leaders agreed to include IGG as part of the G20 agenda. 11
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