Global business leaders align on policy actions

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  • Policy recommendations were developed with themes that drive sustainable and equitable growth

RIYADH: B20 Ƶ, the official voice of the global business community to the G20, submitted its 25 policy recommendations to the G20 leaders calling for bold and collaborative action to put growth on a resilient and sustainable path that benefits everyone. In its report, called Realizing Opportunities of the 21st Century for All, the recommendations outline an action plan to reinvigorate the global economy by focusing on key areas including digitalization, free and fair trade, sustainable finance and infrastructure, mainstreaming women in business, integrity and compliance, and climate change and sustainability.

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The recommendations stressed on the need to focus on key areas including digitalization, free and fair trade, sustainable finance and infrastructure, mainstreaming women in business, integrity and compliance, and climate change and sustainability.

Over the past year, the B20 engaged with more than 650 business leaders across the G20 and beyond through its six task forces and the Women in Business Action Council to ensure an inclusive and action-oriented process. Policy recommendations were developed with themes that drive sustainable and equitable growth. They align with the UN Sustainable Development Goals, empower women across all sectors, and ensure a favorable environment for small and medium-sized enterprises and entrepreneurs to thrive.
“The opportunity is to ‘build back better,’ with real urgency required from policymakers and business leaders,” said Yousef Al-Benyan, chair of B20 Ƶ. “I urgently call on the G20 leaders to adopt these policy recommendations in order to prevent the pandemic from causing further damage, while setting the foundation for a more equitable world.”