G20 Development Working Group Submissions
The G20 recognizes the importance of private
investment to development and job creation.
A fundamental component of increasing the
effectiveness of private sector investment in
developing countries is to target support based on
quantifiable indicators. For this reason, the G20
has chosen an indicator framework as one of the
primary actions in the Private Investment and Job
Creation Pillar.
COMMITMENT 49: Develop
quantifiable economic and
financial indicators
Implementation
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The following steps have been taken to develop and
implement the indicator framework:
Field testing in 6 LICs and MICs, i.e. Bangladesh,
Mongolia, the Dominican Republic, Laos,
Cambodia, and Mozambique, and elaboration of
country reports for these countries. The incorporation
of indicator testing results in the report on "Promoting
responsible investment for sustainable development
and job creation".
Lessons Learned
Lessons learned from the implementation of the
indicator framework include:
Representatives from the Dominican Republic,
participating in the DWG meeting in February
2013, expressed their satisfaction with the
outcome of the field testing and expressed their
interest in further collaboration with the G20
DWG in the field of private investment and job
creation.
The country reports contain action plans
with country-specific recommendations for
governments on how to attract responsible
private investment that generates more value
added and creates more jobs. To date, feedback
from the pilot countries on the indicator testing
has been very positive.
PRIVATE INVESTMENT AND JOB CREATION
Baseline Commitment
Implementation Notes
Action: Support Responsible Value-Adding Private Investment and Job Creation
48. "Support responsible value-
adding private investment and
job creation through identifying
and promoting the best existing
standards for responsible
investment in value chains and
voluntary investor compliance
with these standards" (2010
MYAP).
September 2011: UNCTAD (lead), the
UNDP, ILO, OECD and World Bank report on
"Promoting standards for responsible investment in
value chains".
June 2012: Policy recommendations are
taken up in the summary report on the work of the
PIJC Pillar "Promoting responsible investment for
sustainable development and job creation".
Status
ā Completed:
T: June 2011
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