Growth and Development

Strengthening development is central to the G20s objective of achieving strong, sustainable and balanced
growth and ensuring a more robust and resilient economy for all. The G20s work focuses on activities that lift
growth across the developed and developing world to benefit people in all countries.
Emerging and developing economies contribute the bulk of global economic growth, but face several constraints
to economic growth and resilience. Overcoming these bottlenecks is not just a problem for poor countries G20
economies account for around 85 per cent of the worlds gross domestic product but are home to more than half
of the worlds poor.
In 2014, Australia is integrating development discussions within the broader agenda and focusing on three key
areas to empower development:

increasing financing for infrastructure investment in developing countries by encouraging the right
conditions to attract private sector investment
ensuring that developing countries can reap the benefits of the G20s efforts to improve the
international tax system, including combating tax avoidance and increasing the sharing of information
between tax authorities
assisting developing economies to expand the use of formal financial services and take action to reduce
the cost of transferring remittances into developing economies.

Focusing on these priority issues will ensure that developing and emerging economies can contribute to and
benefit from G20 efforts to boogst growth.
Download the Policy Note Growth and Development.
For more information, visit the Department of Foreign Affairs and Trade website on the G20 development
agenda.

Development Working Group (DWG)

(Co-chairs: Australia, Turkey, South Africa and Russia)
As agreed by Sherpas, the DWG is ensuring that work on development is integrated into the G20s broader
growth agenda and advances practical actions to support developing and low-income countries participation in
global economic growth.
The work of the DWG intersects with that of other groups, including the Framework Working Group (FWG),
the Investment and Infrastructure Working Group (IIWG), the Taskforce on Employment (TFE), the AntiCorruption Working Group (ACWG), Finance Deputies and the Sherpa-led work on trade (in relation to food
security). The DWG reports to Sherpas and Finance Deputies in relation to investment and infrastructure,
domestic resource mobilisation and financial inclusion.
The DWG held four meetings during Australias G20 presidency:

16 17 December, Sydney | More information

14 April, Washington (informal meeting) | More information
8 9 May, Hobart | More information
3 5 September, Perth | More information

The linkage between jobs, growth and food security is a priority for the G20s work on development, including
focusing on practical actions to lift agricultural productivity.
The third annual meeting bringing together members of the G20, the Commonwealth and La Francophonie,
held in Washington in April, deepened dialogue and engagement on the G20s development agenda.
To contribute to UN-led discussions on the post-2015 development agenda, Australia co-hosted a post-2015
G20 discussion forum in May in Hobart. The forum discussed the importance of economic growth, jobs and
global resilience in development, and was attended by several engagement group representatives.