G20 Development Working Group Submissions

and the involvement of the private sector and civil society. The DWG has tailored its actions to address a range of development issues. This has included policy guidance from leaders, technical assistance in the form of toolkits and guidelines supporting national strategies and policies, improved policy coherence and coordination by establishing knowledge sharing platforms, and pilot projects implementation to strengthen national capacities. The G20 has helped raise the profile of development issues in the international community and improved the coherence of the work of IOs and G20 member governments. By providing a platform for consultations, bringing together multiple stakeholders and streamlining their activities, the DWG has given focus and momentum to existing coordination mechanisms. With respect to outreach, the approach of using pilot projects has worked very well, as it involved inviting experts from LICs and other developing countries to participate in workshops, seminars and face-to-face meetings with the DWG. This dialogue has informed the development agenda with regard to the needs of LICs. Sustained outreach makes the G20 an inclusive, consultative global forum. The G20 priority setting has proven extremely valuable, catalyzing both bilateral and multilateral initiatives. The Women's Finance Hub and the Africa Agriculture Fast Track Fund provide examples of such initiatives. There are also positive initiatives that have been enabled by voluntary financial contributions from some G20 members (e.g. AgResults, ECOWAS humanitarian food reserves, HRD knowledge-sharing workshops within the G20 Training Strategy). Considering the DWG actions against the G20 Seoul Development Principles, some illustrative examples are outlined below. The strong focus on economic growth was demonstrated through: • Encouragement to support the Principles for Responsible Agricultural Investment. Commitment to maintain aid for trade volumes. The agreed Action Plans on skills for employment in the pilot countries and the development of the skills indicators database. Establishment of the High-level Panel on Investment for Infrastructure (HLP) and progress towards delivering the MDB's Action Plan (including on promoting public-private partnerships). The G20 played a catalytic role in promoting global development partnerships: The launch of the Global Partnership for Financial Inclusion in collaboration with non-G20 countries, the private sector, and other relevant initiatives and stakeholders. Successful cooperative effort with the ILO, the World Bank and other IOs delivered fiscally sustainable approaches to social protection programs and social protection floors, such as the social protection knowledge-sharing gateway and the Social Protection Inter-Agency Cooperation Board (SPIAC-B). Global or regional systematic issues were addressed through: • The agreement not to impose food export restrictions or extraordinary taxes for food purchased for non-commercial humanitarian purposes. Standard-setting bodies incorporating financial inclusion issues into their standards and guidelines. New mechanisms for policy coordination such as AMIS, the Tropical Agricultural Platform and the Global Public-Private Knowledge Sharing Platform on Skills for Employment. The policy recommendations on standards for responsible investment. A set of quantifiable indicators for maximizing the value-added and job creation arising from private sector investment. The comprehensive approach to implementing G20 Leaders' target to work towards reducing the global average cost of transferring 81

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