G20 Seoul Multi-Year Action Plan on Development (Annex II), 11-12 November 2010

Sectors : Education capacity, Employment and Training, Economic governance and public finance management, Investment
Organisation : G20
Date made: 
2010
Level: 
Heads Of State
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Commitments in: Private Sector development and financial services for the poor - Employment and Training

“ACTION 2: ENHANCE NATIONAL EMPLOYABLE SKILLS STRATEGIES 

The MDBs, ILO, OECD and UNESCO have agreed today to form a unified and coordinated team with the aim of supporting a pilot group of self-selected LICs to enhance their national strategies to develop skills, improve productivity in existing jobs, and promote investment in new jobs. This action should: 

Focus on strengthening national and regional vocational education and training institutions and programs; 

Build on the G20 Training Strategy submitted at the Toronto Summit and begin by identifying existing gaps that act as barriers to increasing investment in skills development and productivity, including through considering the impact of gender gaps and health problems such as non-communicable diseases; and 

Review the work done and, based on the results achieved, consider a wider roll-out of the program to LICs and middle income countries. (2012)” 

 
Scope: 
International

Commitments in: Private Sector development and financial services for the poor - Investment

“ACTION: SUPPORT RESPONSIBLE VALUE-ADDING PRIVATE INVESTMENT AND JOB CREATION 

We will identify, enhance as needed, and promote the best existing standards (developmental, social and environmental) for responsible investment in value chains and voluntary investor compliance with these standards. (June 2011)...

...The G20, MDBs, UNCTAD, UNDP, ILO and OECD will, based on the outcomes of this and other work, assist developing countries, in particular LICs, to develop action plans with the view to strengthen financial markets to boost small and medium enterprises (SMEs), improve the business investment climate, maximize the value-added of private investment and support the regulatory framework for foreign and domestic investment. Existing international investment arrangements between G20 countries and LICs will be strengthened to promote investment in LICs. (June 2012)” 

 
Scope: 
International