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Financing For Global Economic Recovery Tops B20's Recommendations' List

Financing For Global Economic Recovery Tops B20's Recommendations' List

NDTV
Sunday, August 27, 2023 07:40:47 AM UTC

B20: Some of the notable recommendations include steps to accelerate services trade and enhance technology in trade

India's G20 Presidency comes at a crucial period, marked by a number of historic economic transitions against a backdrop of geopolitical uncertainty. The Business 20 (B20) group of the G20 is instrumental in facilitating engagement between the international business community, G20 decision-makers, and governments.

The B20 has made 54 recommendations and 172 policy actions to the G20.

Some of the notable recommendations include steps to accelerate services trade and enhance technology in trade - the first time this has been explored by the B20; roll out digital public infrastructure to boost financial inclusion and healthcare access; build digital trust by harmonising cybersecurity standards and data privacy regulations, and promote cross-border R&D and technology transfer of best practices through a virtual digital lab and library.

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