With inclusion as its focus, the G20 Development Working Group meets in Buenos Aires
The agenda prioritizes early childhood development, sustainable habitat, and inclusive business. Argentina’s Social Development Minister Carolina Stanley and G20 sherpa Pedro Villagra Delgado opened the meeting.
The G20 Development Working Group (DWG) began its official activities today at the CCK in Buenos Aires with the objective of promoting inclusive economic growth and placing a focus on strengthening peoples’ skills. The two-day meeting was attended by Carolina Stanley, Argentine Minister of Social Development, and Pedro Villagra Delgado, the Argentine G20 sherpa.
“The DWG’s endeavour is very broad and ambitious,” stated Stanley during her opening remarks, “but continuity and accountability have always been the conducting trends in all of its actions. And this year will not be the exception under the first Argentine presidency of the G20. We want to be the expression of an entire region, and for the G20 to be the voice of global efforts towards development fairness and sustainability. We think that inclusion and human development are the most important instruments that we can count on to eradicate poverty and build a sustainable future for all, especially in low income and developing countries.”
Sherpa Villagra Delgado highlighted that, “Argentina will try to help to bring consensus back on the future of stability and governance of finance and macroeconomics, but also the political and social aspects that impact that.”
Created in 2010 to strengthen the role of developing countries, the DWG will focus on three areas this year: early childhood development, sustainable habitat, and inclusive business, bringing a gender perspective on each.
Early childhood development looks into the developmental impact of the first 1,000 days of a child’s life, and how to build human capital at the stage where children acquire lifelong abilities. Early childhood development is very important to how future generations respond to the future of work, which is one of the three priorities of Argentina’s G20 presidency. It is the first time this global issue features on this working group's agenda. The issue also directly influences the narrowing of the gender gap, generating inclusion and social cohesion mechanisms, and improving quality of life. It is a regarded as a worthwhile investment as it generates high economic returns for countries.
The issue of sustainable habitat is closely linked to another G20 priority of 2018: infrastructure for development. Here, the DWG has a comprehensive vision that includes regional planning for urban, suburban, and rural areas. The objective is to maximize all our citizens’ economic and social potential, while protecting the environment. To do so, regional planning must incorporate stakeholders’ social, economic, and environmental perspectives, while focusing on issues such as governance, quality infrastructure, productivity, resilience, gender and financing, among others.
Inclusive business also relates to the Argentine G20 priority of the future of work. The working group will seek to promote innovative business models that incorporate people from the poorest sectors of society into their value chains. The private sector will be called upon to support the creation, development and growth of businesses of this nature through innovative investment and financing mechanisms. In addition, it will encourage more commitment from governments to increase and diversify sources of financing for these types of businesses, positioning the role of public procurement as an alternative method for financing the sector, and promoting inclusive businesses as sustainable suppliers.
Finally, the DWG will continue the G20 Action Plan on the 2030 Agenda by compiling the commitments and collective actions agreed upon from both the Sherpa and Finance Tracks of the Argentine G20 presidency. The goal is to give more exposure to how the G20, through its comparative advantages as a global economic forum, can contribute to implementing Agenda 2030.
After this first meeting, the DWG will meet again in Tucumán in July, and in Córdoba in September, to reach a final consensus and to approve the documents that will later be presented to the G20 sherpas for final approval at the Leaders Summit.
About the Development Working Group
After the last global financial crisis and its impact on both developed and developing countries, G20 leaders recognized that to achieve solid, sustainable and fair growth, it was necessary to strengthen the role of developing countries, particularly low-income countries.
In this context, the Development Working Group was created in 2010 to strengthen the G20’s role in sustainable development and ensure a more robust and resilient global economy for all.
During previous presidencies, the DWG addressed issues such as infrastructure, food security, financial inclusion and global trade, among others.
About the G20
The G20 started out in 1999 as a meeting of finance ministers and central bank governors. In 2008, amidst the global financial crisis, it evolved into what it is today: a major forum for dialogue and decision-making attended by world leaders from vital economies. Together, the G20 members represent 85% of global GDP, two-thirds of the world’s population, and 75% of international trade.