Important business priorities in a changing world

Global Economy Stabilization
• Global economy appears to have stabilized, with geopolitical risks remaining.
• G-20 economies showed varying growth rates in Q1 of the year, with some growing faster than expected and others experiencing setbacks.
• Businesses can leverage new growth opportunities and benefit from wider dispersal of developmental gains.

B-20 Process
• The B-20 process has been led by emerging economies over the last three years.
• With the handover to South Africa, an unprecedented agenda for the Global South has been catalyzed.

Key Priorities and Policy Actions
• Focus on inclusive development: Equitable growth, skill development, and education are key to promoting inclusive development.
• Financial access and tailored credit solutions, diversity and inclusion policies, and diversity and inclusion policies have been highlighted.
• Africa’s inclusion in the G-20 during the India presidency opens up new opportunities in the continent.

Ensuring Better Food Security
• Businesses can play a pivotal role in addressing food security by advocating sustainable practices, investing in infrastructure and agricultural technologies, and fostering collaborations with governments and international organizations.

Accelerating Resilient Global Trade Flows
• Businesses must lead in digital transformation and innovation, including AI for the common good.
• Businesses should engage youth in developing innovative solutions to pressing contemporary issues and drive positive societal impact.

Sustainability Mission
• Fair and just climate policies can enable businesses to work towards carbon mitigation.
• Availability of finance is required for all enterprises, particularly for small and medium enterprises.
• Building renewable energy capacity and greater use of biofuels and green hydrogen can be promoted by businesses.

Aiming for the Highest Standards
• Corporate governance of the highest standards must be prioritized by businesses.
• The private industry should drive ethical operations to build trust between stakeholders.