G-20 Chair Saudi Arabia launch action plan to combat Covid through its business platform

B20 wanted to get consensus from the business world on how governments can better support the private sector during the crisis, protect the economy and prepare for future crises. More than 750 business leaders from the G20 countries and beyond, in...

AFP
Building health resilience; Safeguarding human capital; Prevent financial instability; Unclog global supply chains; Revive productive sectors and Digitize responsibly and inclusively
New Delhi: B20 Saudi Arabia, the official voice of business to the G20, Monday announced a six-point plan designed to combat the current global pandemic and lay a foundation to address future resurgences of the disease, including a potential “second wave” of the virus in the coming months. The warning comes in concert with the launch of a new special report by B20, which was developed in collaboration with business leaders and leading multilateral organizations around the world.

B20 wanted to get consensus from the business world on how governments can better support the private sector during the crisis, protect the economy and prepare for future crises. More than 750 business leaders from the G20 countries and beyond, including from multinational corporations and micro, small and medium-sized enterprises (MSME), provided input.

The proposed areas of focus of the six-point plan, entitled Jump-starting the Global Economy Post-COVID-19 Phase, are wide ranging and include: Building health resilience; Safeguarding human capital; Prevent financial instability; Unclog global supply chains; Revive productive sectors and Digitize responsibly and inclusively


“As the group representing the official voice of business to the G20, it was incumbent upon us to consider the role we, as business leaders, can and must play in addressing this global pandemic. Particularly as we see a resurgence of the virus in several economies around the world,” said Yousef Al-Benyan, Chair of B20 Saudi Arabia. “While a cure to the virus is the ultimate health goal, we must identify how the private and public sector can cooperate to create an environment that instills safety, integrity and confidence while advancing economic prosperity.”
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