Context

In keeping with the Turkish Presidency’s focus on inclusiveness, the G20 has strengthened its work on shared prosperity within and beyond G20 Members, as well as its engagement with low income developing countries, partners in civil society and the private sector. The G20 is a very important forum in bringing traditional donor countries and emerging and South-South development partners together, enabling its members to explore new ways to co-operate.

At the G20 Antalya Summit in November 2015, the Leaders of the G20 formally endorsed the G20 Leaders’ Call on Inclusive Business, the G20 Inclusive Business Framework and called for the establishment of the G20 Global Platform on Inclusive Business.

The new G20 Inclusive Business Framework, designed with the support of UNDP and the World Bank, opens up new opportunities for low-income people and communities to participate in markets. The framework will also serve as tool for the G20 engagement in the effective implementation of the SDGs.

Objective

The Framework defines inclusive business, sets out recommendations to enable inclusive business and presents policy options for G20 and non-G20 governments, companies, and international financial institutions to promote and support inclusive business as a means to end poverty.