B20 Australia Chair, and Wesfarmers managing director, Richard Goyder, said the B20 had been focused this year on developing practical solutions to help accelerate global economic growth and create more jobs.
“Structural reforms are needed across all markets to boost employment and prospects for diversified and sustained growth,” Mr Goyder said.
“We need policies that increase the private sector’s capacity for investment, boost international trade, create jobs and drive greater efficiency across all sectors.
More than 300 senior business leaders from over 30 countries have been meeting since the end of last year to develop a set of policy responses to these global challenges.
“Task forces established around four priority areas – financing growth, human capital, infrastructure, and investment and trade – have identified the most substantial impediments to growth and job creation and developed a set of draft policy solutions for G20 leaders."
The B20 Australia Summit will give business leaders the opportunity to finalise B20 recommendations ahead of the November G20 Leaders Summit in Brisbane later this year.
“We have been committed to running a transparent and inclusive process and have undertaken an active collaboration and communication program with the international business community to ensure that proposals are relevant and can be implemented in different economies,” Mr Goyder said.