The aim of the G-20 framework for strong, sustainable and balanced growth is to encourage G-20 countries to implement coherent medium-term policy frameworks in order to attain a mutually beneficial growth path and avoid future crises. While the position of low-income countries (LICs) in the growth framework is not well defined, apart from the observation that LICs are by definition included in balanced growth and so could contribute to growth, LIC growth clearly depends on G-20 policy actions to promote strong and sustainable growth in varying ways.
This paper contains over 20 briefings considering the role of low-income, small or vulnerable countries in the G-20 growth framework ahead of the Toronto and Seoul G-20 summits this year. It aims to provide food for thought for those interested in the development dimension of the G-20, and aims to prepare countries, including Ethiopia, Malawi and Viet Nam, that have been invited to the upcoming summit. It includes views from around the world, obtained through work with experts and think-tanks.
The key argument in the paper is that the G-20 growth framework affects LICs so they need to be involved. Even though the main discussions and policy decisions will take place among the G-20 countries, there may be opportunities to promote a development dimension.