The G20 Development Working Group was established at the G20 Summit in Toronto in June 2010 with a mandate “to elaborate, consistent with the G20’s focus on measures to promote economic growth and resilience, a development agenda and multi-year action plans to be adopted at the Seoul Summit.” The Development Working Group, which was developed in response to this mandate, delivered the work on the Multi-Year Action Plan on Development (MYAP)'s Private Investment and Job Creation pillar in time for the G20 Summit in Los Cabos, Mexico, in June 2012.
The present document presents the final report and policy recommendations for the private investment and job creation pillar. This report was prepared by the Inter-Agency Working Group (IAWG) that was formed to support the G20 High-level Development Working Group which comprises representatives of UNCTAD (Coordinator), UNDP, ILO, OECD, the World Bank and IFC, as well as the co-facilitators of the Private Investment and Job Creation Pillar, Germany and Saudi Arabia, and other invited organizations, including UNIDO and DCED.
The report generates policy recommendations for:
- Improving the business climate and the regulatory framework for foreign and domestic investment.
- Assisting developing countries to attract the most value adding investment to their economies.
- Promoting responsible investment in value chains.
- Stimulating investment in local enterprise development.
The reports on 'measuring the development and employment impact of investment' and 'promoting private standards for responsible investment' are integrated parts of this overall report for the pillar.