FWG Confirms Commitment to Sustainable, Inclusive Global Growth

  • 1/16/2020
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The Framework Working Group (FWG) one of the groups working under G20, stressed the need to enhance inclusive economic global growth, reiterating that it wont be possible without cooperation between countries. The first gathering of the Group held on January 12 and 13, discussed ways to improve access to economic opportunities for all and “urgent” plans aimed at tackling the risks to world economic growth. The meeting also studied possible policy options to enhance access to opportunities for all, with a special focus on women, youth and small- and medium-sized enterprises (SMEs). The Saudi team was chaired by Naif al-Gaith, and the Group’s talks were co-chaired by the chief economic adviser to the UK Treasury, Clare Lombardelli, and principal economic adviser to India’s Ministry of Finance, Sanjeev Sanya. Ghaith stressed the urgent need to prioritize breaking barriers that prevent people from having access to economic opportunities. He pointed out that the Working Group continues to determine the current conditions of the global economy, as well as the current economic risks and challenges to define appropriate policies to reduce those risks. The meeting followed a G20 symposium on enhancing access to opportunities that was held under the Saudi presidency on December 5 last year in Riyadh. Several sessions were held at the meetings during which delegates discussed the current risks facing the global economy and the preparedness for policy coordination among the G20 countries. Participants also discussed the role of the public and private sectors in leveraging technology and innovation to create jobs and opportunities that promote sustainable and inclusive growth. FWG was established at the 2009 Pittsburgh summit after world leaders agreed to launch a framework to lay out policies aimed at generating strong, sustainable, balanced, and inclusive global growth.

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