G20 Leaders Welcome Launch of Inclusive Business Platform

Tuesday, September 13, 2016

Leaders at the G20 Summit in Hangzhou, China emphasized the need for sustainable and inclusive growth, and welcomed the launch of the G20 Global Platform on Inclusive Business. The platform is a global partnership that seeks to accelerate the adoption of inclusive business policies and programs.

“We will work to ensure that our economic growth serves the needs of everyone and benefits all countries and all people including in particular women, youth and disadvantaged groups, generating more quality jobs, addressing inequalities and eradicating poverty so that no one is left behind,” the G20 leaders said in their year-end Communique.

“We acknowledge the important role of inclusive business in development, and welcome the establishment of the G20 Global Platform on Inclusive Business and its future actions. We welcome the G20 Inclusive Business Report for the 2016 Summit.”

Inclusive businesses directly reach people living at the base of the economic pyramid. The G20’s latest inclusive business report highlights inclusive business’ important role in contributing to the 2030 Agenda by reducing poverty, shrinking inequality, and contributing to sustainable economic growth. It identifies the challenges facing inclusive businesses and outlines possibilities for future action by the G20, according to the World Bank.

Source: The FINANCIAL (link opens in a new window)

Base of the Pyramid, financial inclusion