G20 Development Working Group Submissions
the Dialogue Platform on Inclusive Green Investment.
It promoted the sharing of experience on strategies,
policies and instruments for IGG; enhanced
developing country engagement in G20 IGG
work and policymakers' understanding of practical
dimensions to applying IGG tools; and identified
developing country needs. Discussion also explored
how international cooperation might better support
developing countries in voluntarily transitioning to
greener growth.
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Key messages on what participants thought
the G20 could do included:
green research co-operation and cost-effective
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technology transfer, increased knowledge
sharing and access to information;
national plans and strategies to mainstream
green growth, and enhanced participation of
the private sector and other key stakeholders;
regional, South-South and triangular
cooperation and knowledge sharing to develop
IGG capacity;
promote financing for green growth through
public and private resources mobilization
including via the leverage of private investment
through public funds; and
engaging the institutional investors' community
to scale up green investment by incorporating
development benefits.
IGG Toolkit Country Case Study: Sierra Leone
Poverty and social inclusion are the main challenges, but it is now time for a change, with the need to move away from development strategy that
seeks short-term gains with little regard to the future. Sierra Leone's goal is to deliver near-term local solutions and benefits, but to avoid costly
lock-in to inefficient and polluting development pathways. It has a commitment to simple and transparent governance, with robust but adaptable
decision making on green growth, reflecting that there are many shades of green. There is a commitment at national level to integrate cross-
sectorial solutions for inclusive green economy into Poverty Reduction Strategy papers (PRS), development strategy, and budgeting. There is an
interest to develop value added, and build international competitiveness through greener growth. Key priorities include sustainable infrastructure,
resource efficiency, and economic resilience, recognising challenges for example in the mining, power and transport sectors. Timely external and
private finance will be critical with use of appropriate risk mitigation tools.
3.4 Contribution of LICs to the Accountability
Process
The creation of the G20 accountability process on
development in 2013 has helped to reinforce the
need for, and value in, conducting more extensive
and targeted outreach to LICs to identify what
actions and policies are most effective in meeting
the objectives of the G20 development agenda.
Consequently, under Russia's Presidency several
types of outreach have taken place to help ensure
that the agenda is effectively meeting the needs of
developing countries, particularly LICs.
3.4.1 The Commonwealth and OIF
The Commonwealth and OIF discussed the G20's
development accountability process during their
meeting in 2013. They also produced a paper - <<The
accountability of the G20's development agenda:
Perspectives and Suggestions from Developing
Countries of the Commonwealth and Francophonie».
The Commonwealth and OIF Secretariats and two
of their respective members - the Gambia and the
Democratic Republic of Congo - also participated in
the May 2013 DWG meeting.
Key messages from participants included the
following:
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Participants believed that the G20's has made
good progress in several pillars such as trade,
infrastructure, and food security.
They noted that the G20 pilot studies in countries
such as Bangladesh, Benin, Cambodia, the
Dominican Republic, Ghana, Haiti, Indonesia,
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