G20 PARTICIPATION

G20 PARTICIPATION

The **G20 (Group of Twenty)** is an international forum comprising 19 countries and the European Union. It represents major advanced and emerging economies, focusing on global economic governance, financial stability, and sustainable development. Cooperative organizations and movements often seek to engage with the G20 to highlight the role of cooperatives in addressing global challenges.

### Cooperatives and G20 Participation:

1. **Advocacy for the Cooperative Model**:

– Cooperatives participate in G20 processes to promote their model as a sustainable, inclusive, and resilient approach to economic development.

– They emphasize their role in supporting small businesses, reducing inequality, and achieving the Sustainable Development Goals (SDGs).

2. **G20 Engagement Groups**:

   – **Business 20 (B20)**: Represents the private sector; cooperatives may contribute through this group to highlight their unique business model.

   – **Civil 20 (C20)**: Engages civil society; cooperatives often participate to advocate for social and economic inclusion.

   – **Labour 20 (L20)**: Represents workers; cooperatives collaborate here to discuss decent work and fair wages.

3. **Policy Areas of Interest for Cooperatives**:

   – **Inclusive Growth**: Demonstrating how cooperatives create jobs and foster economic participation in marginalized communities.

   – **Sustainability**: Advocating for green and circular economies through cooperative enterprises.

   – **Digital Transformation**: Highlighting the role of cooperatives in ensuring equitable access to technology.

   – **Financial Inclusion**: Showcasing cooperative banks and credit unions as key players in providing access to financial services.

4. **Key Contributions of Cooperatives to G20 Priorities**:

   – **Economic Resilience**: Cooperatives often remain stable and continue to serve their members during economic downturns.

   – **Social Equity**: By redistributing profits equitably among members, cooperatives help reduce income inequality.

   – **Climate Action**: Many cooperatives lead in renewable energy and sustainable agriculture initiatives.

 

### Examples of Cooperative Participation:

– **International Cooperative Alliance (ICA)**: Actively engages in G20 discussions and related summits to represent the cooperative movement.

– **National Cooperative Organizations**: Many countries have cooperative federations that participate in their government delegations or directly in G20 engagement groups.

 

### Why G20 Participation Matters for Cooperatives:

– **Policy Influence**: It allows cooperatives to influence global economic policies.

– **Recognition and Support**: Enhances the visibility of cooperatives as key actors in global development.

– **Resource Mobilization**: Opens doors to funding opportunities and international partnerships.

Would you like to explore more about how cooperatives can enhance their role in G20 processes or examples of past contributions?