PRN: B20 Global Business Leaders Announce their Prioritised Recommendations For Economic Recovery and Growth
B20 Global Business Leaders Announce their Prioritised Recommendations For Economic Recovery and Growth
- Mexico is the first Latin American country and only the second emerging economy after South Korea to hold the B20 and G20 Presidencies
MEXICO CITY, June 6, 2012 /PRNewswire/ -- The following is being released today by Marca Pais â�“ Imagen de Mexico:
Global business leaders from the world's twenty largest economies, also known as the Business 20 or B20, announced their prioritised recommendations and commitments to the G20 heads of state regarding the world's most pressing economic challenges. These prioritised recommendations will be driving the conversation between public and private sector at the B20 Summit and will be setting the tone for the G20 Summit at Los Cabos, Mexico in June. Mexico is the first Latin American country and only the second emerging economy after South Korea to hold the B20 and G20 Presidencies.
In a B20 press release, Alejandro Ramirez, chair of the organising committee of the B20 and chief executive officer of Cinepolis, one of the world's largest movie theatre groups, said:
"Extensive structural reforms are required and international trade must become the engine for growth in order to achieve economic recovery, improve competitiveness, and successfully address today's employment crisis. Businesses are at the heart of job creation which is why the B20 exists and plays a critical role in formulating our global economic policy â�“ while further building a green economy."
The B20 Under the Mexican Presidency and Mexico's Contribution
Under the Mexican Presidency, the B20 has been organised into eight task forces: Green Growth, Information and Communications Technologies (ICT) and Innovation, Food Security, Trade and Investment, Employment, Financing for Growth and Development, Transparency and Anti-Corruption and Advocacy and Impact.
The eighth task force - Advocacy and Impact â�“ runs across all the other seven task forces and is designed to track past recommendations and ensure follow-up action. Â This creation highlights Mexico's determination to ensure that the B20 recommendations are specific, implementable, prioritised and that action plans are clearly defined.
Under the Mexican Presidency, the B20 has prioritised its recommendations â�“ a first in the history of the B20. While businesses act as job generators, the B20 states in its press release that, "government needs to create the environment needed for businesses to operate and grow. And the Mexican Presidency [of the B20 and the G20] will become the platform for global progress."
B20 Prioritised Recommendations:
ICT and Innovation
Trade and Investment
Financing for Growth and Development
Transparency and Anti-Corruption
To learn more about the B20 Summit 2012, please visit http://www.b20.org/