Leaders of the world’s twenty largest economies have pledged to take coordinated action to boost global economic growth. The commitment was made at the conclusion of the G20 summit, where discussions focused on addressing challenges to sustainable and inclusive development.

The leaders emphasized the importance of innovation, structural reforms, and investment in infrastructure to drive economic expansion. They also reaffirmed their commitment to open trade and investment policies, rejecting protectionism.

Key Priorities Identified

• Boosting Investment: G20 nations agreed to prioritize investments in infrastructure projects to stimulate economic activity and create jobs.
• Promoting Innovation: Recognizing the role of technology in driving growth, the leaders committed to fostering innovation and supporting digital transformation.
• Structural Reforms: The G20 emphasized the need for structural reforms to improve productivity, enhance competitiveness, and create a more favorable business environment.
• Addressing Inequality: Leaders acknowledged the importance of inclusive growth and committed to policies that reduce inequality and promote social mobility.

Commitment to Sustainable Development

The G20 leaders also reaffirmed their commitment to the 2030 Agenda for Sustainable Development and the Paris Agreement on climate change. They pledged to work together to achieve the Sustainable Development Goals and to transition to a low-carbon economy.

The coordinated policy actions are expected to provide a significant boost to global economic growth and contribute to a more stable and prosperous world economy.