COMMENT

The G20 economies account for around 80 percent of global greenhouse gas emissions, meaning businesses in G20 countries have a significant role to play in achieving a net-zero future. B20 Indonesia is committed to promoting private-led transformation through various pathways, including scaling up renewables and green technologies, tapping into carbon markets, and driving green investments.

Promoting inclusive growth

The belief that inclusivity and growth should be addressed separately has often hampered efforts to pursue more inclusive and resilient economic recovery and growth. Promoting inclusion is key to unlocking economic growth, according to studies. For instance, increased women’s participation in the global economy could potentially add USD 2.1 trillion in GDP by 2025.

Despite this potential economic benefit, women and micro-, small-, and mediumsized enterprises (MSMEs) still face multiple difficulties in participating in the global value chain. B20 Indonesia is prioritizing the shift to a more sustainable and equitable economy for women and MSMEs through transformative change led by public- and private-sector leaders.

Creating equitable access to healthcare

The COVID-19 pandemic will not be the last global health crisis to radically disrupt the global economy. In any given year, there’s a two percent probability that a global pandemic with a similar worldwide impact on the global economy will occur. We need to invest in and strengthen public health systems to improve overall health resilience. Mitigation of future health crises should be achieved by closing systemic gaps in health infrastructure across populations and regions worldwide. B20 Indonesia is advocating for business players to collaborate to create equitable access to healthcare and bolster health system resilience, especially in low- and middleincome countries.

I am grateful for the constructive support we have received on our policy recommendations, B20 Indonesia Legacy Programs, and side events from our task forces, the action council, International Advocacy Caucus (IAC) members, and all the B20 communities. Your support has played a vital role in shaping and honing our recommendations to make a difference in the broader G20 countries.

Finally, I would like to offer B20 Indonesia’s best wishes, encouragement, and support to B20 India. I trust that their efforts will further amplify the progress the B20 community has made during B20 Indonesia’s presidency and the synergies we have brought to fruition, thus bringing the G20 countries even closer to resilient, sustainable economic growth.

Throughout Indonesia’s G20 presidency, B20 Indonesia has been at the forefront of change in global economic recovery. It hasn’t been easy to navigate the dynamics of the global economy while representing the diverse interests of the B20 business community. At times, we have needed to reflect, take a step back, and reframe our thinking. At other times, we have had to innovate and push ourselves to ensure that our policy recommendations have a real impact on the global economy. I am personally thankful to the business leaders in the task forces, the action council, the IAC, our knowledge partners, and the entire B20 community for the tireless efforts and generous counsel, input, and resources throughout the year. All of you have contributed to the success of B20 Indonesia.

B20 Indonesia is committed to delivering actionable policy recommendations, building on the work of past presidencies, and creating pragmatic real-life progress to accelerate global economic recovery and sustainable growth. Since our inception meeting in January 2022, we have successfully conducted more than 350 key meetings and 130 side events, collecting input from more than 1,200 business players across G20 countries. The diversity of thoughts and aspirations has helped create inclusive outputs of 25 policy recommendations and 68 policy actions for the greater G20 governments to act