The Right Moves in Los Cabos
DAKAR – As leaders of the world’s most powerful economies gather for the G-20 Summit in Los Cabos, Mexico, policymakers everywhere seek action on today’s most pressing global issues: economic recovery and sustainable development.
Indeed, the world’s poorest, smallest, and most vulnerable countries need urgent progress in both areas. Without global economic recovery, their prospects for overcoming obstacles to growth will dim. And, without a comprehensive development agenda that addresses green energy, food security, and climate change, it will be impossible to create economies that can sustain economic and social advancement.
Roughly 90% of the world’s countries are without seats at the G-20 table, so many of their most serious development challenges – for example, limited access to foreign markets or to finance for infrastructure investment – are beyond their control. These challenges are compounded by persistent debt and, for many countries, especially small island states, high vulnerability to natural disasters.