2012 progress report of the Development Working Group
We recognize the impact that the modest global recovery might have on developing countries, particularly Low Income Countries (LICs), in addressing the most pressing challenges of development and poverty reduction, including the fulfillment of the UN Millennium Development Goals. Promoting sustainable development and eradicating poverty by ensuring sustainable economic growth and decent job creation, therefore, remain key challenges for the G20. In order to meet these challenges, we need to adopt the right economic policies and appropriate coherent and large-scale actions that boost growth in a manner that is inclusive, sustained and environmentally sustainable, in order to benefit present and future generations.
2. The G20 must continue to serve as a relevant coordination forum for international economic cooperation. Effective contributions by International Organizations (IOs) and non-G20 countries, supported by concerted actions of G20 members, are fundamental to support national efforts of developing countries, particularly LICs, in overcoming hunger and poverty and promoting sustainable development. In this regard, we welcome the Busan Statement for Effective Development Cooperation.
We reaffirm our commitment to the global partnership for development, as set out in the Millennium Development Goals, and welcome efforts to contribute to this end, including the Global Partnership for Effective Development Cooperation launched with voluntary participation under the auspices of the broad consensus achieved at the 4th High Level Forum on Aid Effectiveness held in Busan, Korea. We look forward to successful replenishments of Multilateral Development Banks (MDBs) concessional resources and encourage their efforts to scale-up investments in the developing countries, particularly LICs.
3. We have advanced significantly in the implementation of previous agreements under the Seoul Multi-Year Action Plan (MYAP), and identified new actions to enhance concerted efforts in support of developing countries, particularly LICs. We will continue to flesh out the linkages between the different streams of our work, in order to make the most of the synergies between them, and aim towards a more holistic approach to development cooperation. This is particularly important in terms of the agreed priorities of infrastructure, food security and inclusive green growth (IGG).
4. The active and open outreach policy promoted by the Mexican presidency with relevant governmental and non-governmental organizations, as well as with the private sector, contributed to the enrichment of the Group's aims and deliberations. We welcome Mexico's initiative in hosting an international seminar with civil society on the G20 development agenda this year, as well as initiatives to engage with the private sector. We further welcome the meeting with members of the Commonwealth and the Organisation Internationale de la Francophonie, as well as with Latin American and Caribbean countries, on the G20 development agenda.
* The complete text of the Development Working Group progress report can be accessed (in pdf format) here..