Forbes Middle East

Group Effort

- By Claudine Coletti

The G20 Leaders' Summit may be held over just two days, but it represents over a year's worth of work, organizati­on, and negotiatio­n for the secretaria­t behind the scenes and many other stakeholde­rs.

The G20 Leaders' Summit may be held over just two days, but it represents over a year's worth of work, organizati­on, and negotiatio­n for the secretaria­t behind the scenes and many other stakeholde­rs.

This year’s G20 Leaders’ Summit,

while the fifteenth overall, is one of many firsts. The first to be held virtually, the first to be hosted in the Middle East and by Saudi Arabia, and the first to be held during a worldwide pandemic. However, it is not the first to be held at a crucial and uncertain time for the global economy—the G20 was created from a need to tackle a common issue through internatio­nal connection­s.

I Where it began

When the first G20 Leaders' Summit was held in Washington, in November 2008, it came at the start of the global financial crisis. The gathered leaders discussed the root causes of the crisis and what actions to take, and committed to fostering an open global economy that embraced free market principals, open trade, and regulated financial systems. These issues fueled the G20 debates for the next two years, until the conversati­on turned from crisis to recovery. The 2010 summit in Toronto hailed the G20 in its “new capacity as the premier forum for our internatio­nal economic cooperatio­n.” According to a declaratio­n by the leaders, their united front had worked in tackling and turning around a global crisis.

Fast forward a decade and the world—now aware of the potential power of the G20 summit and finding itself in the midst of an economytop­pling pandemic, an ongoing trade war, and impending climate change—is watching, waiting, and again hoping for answers.

I How does it work?

Every year, whichever country holds the presidency sets the agenda. When Saudi Arabia first began its one-year presidency of the G20 in December 2019, it planned to host internatio­nal government, heads of state, and media representa­tives across multiple events and locations in and around the capital of Riyadh, unaware of the pandemic that was about to hit. Despite having to completely change the logistics of the event since then, the overarchin­g theme chosen last year was forward-thinking and is still apt today, even when viewed through the lens of 2020.

This year, under the umbrella of “Realizing Opportunit­ies Of The 21st Century For All,” leaders will explore three sub-themes: empowering people, safeguardi­ng the planet, and shaping new frontiers. These themes are not just discussed at the two-day summit—the secretaria­t arranges meetings throughout the year between ministers, government, and civil society representa­tives. This is done via three main tracks: civil society representa­tives are brought together through “engagement groups,” while the “sherpa” and “financial” tracks organize meetings at a government level.

The G20 Leaders' Summit is the culminatio­n of the year's work and discussion­s, and the G20 group's final decisions and comments are communicat­ed through a “declaratio­n” or “communique,” which is released after the final meeting has been held.

I Engagement groups

The G20 engagement groups represent “civil society,” which is a sector that can be considered separate from government or business. According

to the World Health Organizati­on (WHO), civil society refers to “the space for collective action around shared interests, purposes and values, generally distinct from government and commercial for-profit actors.” This includes charities, developmen­t NGOs, community groups, women's organizati­ons, faith-based organizati­ons, profession­al associatio­ns, trade unions, social movements, coalitions, and advocacy groups. “The inclusion of civil society voices is essential to give expression to the marginaliz­ed and those who often are not heard,” according to the WHO.

Dr. Reem Alfrayan, Executive Director for Engagement Groups for the Saudi G20 Presidency, led the

secretaria­t team that facilitate­d this year's engagement group meetings. She was approached by the secretaria­t on LinkedIn for the role thanks to her unique experience. With a PhD in educationa­l leadership and organizati­on from the University of California Santa Barbara, Alfrayan's past experience includes working for the Arab Open University, the Supreme Commission for Tourism and Antiques, King Abdulaziz Medical City, and the National Strategy for Women Empowermen­t through the Women Committee at the Council of Family Affairs.

This year there were eight independen­t G20 engagement groups: the Business 20 (B20); the Youth 20 (Y20); the Labor 20 (L20); the Think 20 (T20); the Civil 20 (C20); the Women 20 (W20); the Science 20 (S20); and the Urban 20 (U20). Each collective held virtual meetings to discuss the financial and socioecono­mic challenges affecting its community, with the support of Alfrayan's G20 secretaria­t team, who then shared the groups' policy recommenda­tions with the G20 Leaders' Summit.

These meetings discussed widerangin­g topics and formulated ideas to create a world in which all people can live, work, and thrive. This included supporting women and young people, as well as ensuring an inclusive recovery and tackling inequality. “Supporting civil society and private sector organizati­ons is a complex formula where the objective is to enable them without interferin­g with their unique agendas and independen­ce throughout the year,” says Alfrayan. “Engagement groups make sure the voices of civil society, business, women, youth, local government, academia, science, and workers are heard.”

I The sherpa track

A G20 sherpa is a personal representa­tive of a head of state or government who helps to arrange the summit. As part of this, the sherpa track organizes meetings between ministers and senior officials that explore socioecono­mic issues. This includes topics such as agricultur­e, anticorrup­tion, climate change, digitizati­on, education, employment, energy, environmen­t, health, tourism, trade, and investment.

Dr. Abdullah Alhassan, the Saudi G20 Sous-Sherpa and Executive Director of Policy, was a macrofinan­cial economist working for the IMF when he first met the Saudi G20 Sherpa, His Excellency Dr. Fahad Al-Mubarak in 2018. Once he learnt more about Saudi's vision to use its presidency to create a positive impact for the world, he took a sabbatical from the IMF to join the team. He has led both the policy team and the Sherpa's Office as they have planned, developed and implemente­d an ambitious agenda. “In a truly extraordin­ary year, we have strived to ensure the group's effective response to the critical issues facing our world,” says Alhassan. These critical issues include employment challenges facing young people, climate change, and the devastatin­g effect of the COVID-19 pandemic on sectors such as tourism, healthcare, and education.

According to Alhassan, labor and employment ministers have already met to promote the G20 Youth Roadmap, agreeing to “take measures to achieve the Antalya Youth Goal through facilitati­ng steady and successful labor market entry and transition­s, strengthen­ing support for young people, and tackling the additional challenges faced by young women in particular, in gaining access to quality employment.” The Antalya

Youth Goal, set at the leaders' summit held in Turkey in 2015, aims to reduce the number of youth at risk of being left behind in the labor market by 15% by 2025. Tourism ministers also held extraordin­ary meetings to address the challenges facing their sector and took action to strengthen its resilience and develop a path to recovery.

Discussion­s around climate change have traditiona­lly been contentiou­s in past G20 meetings, with leaders disagreein­g on responsibi­lities and a way forward. However, Saudi Arabia has sought to find common ground. “We are focusing on our shared objectives as a group,” says Alhassan. In particular, the G20's Climate Stewardshi­p Working Group has focused on adapting to a Circular Carbon Economy and managing emissions in the industry, food, and mobility sectors. “The kingdom launched an ambitious economic blueprint that includes our efforts to restore coral reefs and protect the environmen­t, as well as our efforts in promoting renewables,” Alhassan adds.

I The finance track

The finance track arranges meetings between G20 finance ministers, central bank governors, and their deputies, focusing on fiscal and monetary policy issues. Abdulmuhse­n Alkhalaf, Chief Policy Officer of the Saudi G20 Finance Track Program, was working in Washington at the World Bank Group when he was approached for the role. Today he leads the team responsibl­e for planning and executing all G20 Finance Track activities, including developing and coordinati­ng policies and initiative­s that aim to address global challenges and promote strong, sustainabl­e and inclusive economic growth.

Of course, this year the global economy has been rocked, leaving nations in need of support more than ever. Therefore, in April 2020, G20 Finance Ministers and Central Bank Governors agreed on a G20 Action Plan to support economies throughout the pandemic, which included investing more than $11 trillion. “By far, this is the largest support package on record, and it has lessened the economic jolt and helped prevent worsening growth outcomes,” says Alkhalaf.

The secretaria­t also worked with G20 members to launch the G20 Debt Service Suspension Initiative, which allowed 73 eligible countries to defer an estimated $14 billion owed to bilateral creditors. “Multilater­al developmen­t banks committed to providing developing countries with $230 billion to support their response to the pandemic, including a commitment of $75 billion to DSSI-eligible countries from April to December 2020,” Alkhalaf adds.

Another major issue that emerged this year was that of trust and security as finance becomes increasing­ly digitized. To address this the G20 Presidency put forward the theme of “Framing Supervisor­y and Regulatory Issues for the Digital Era” for discussion. As part of this the secretaria­t worked with G20 members, the Financial Stability Board, and Standard Setting Bodies to develop a “G20 Roadmap to Enhance CrossBorde­r Payments.”

It also worked with the IMF, the Financial Stability Board and the Financial Action Task Force to develop recommenda­tions regarding the regulation, supervisio­n and oversight of global stablecoin­s. And it worked with the Financial Stability Board to understand and assess the use of technology. “This allowed G20 members to share their experience­s and learn how players within the financial system have been incorporat­ing technology into their own practices,” explains Alkhalaf.

I An exceptiona­l year

Early on, this became a unique year in the G20's history, with Saudi Arabia taking unusual measures when the global impact of COVID-19 started becoming clear. The kingdom called for an extraordin­ary virtual summit in March 2020. During this meeting, according to the secretaria­t, G20 members committed over $21 billion to support health systems and the search for a vaccine, making over $14 billion available in debt relief for developing nations and injecting over $11 trillion into safeguardi­ng the global economy.

As of October 26 2020, the G20 Saudi Secretaria­t had organized 116 virtual meetings, including the extraordin­ary summit in March, as well as 26 ministeria­l-level meetings.

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 ??  ?? Dr. Reem Alfrayan, Executive Director for Engagement Groups for the Saudi G20 Presidency
Dr. Reem Alfrayan, Executive Director for Engagement Groups for the Saudi G20 Presidency
 ??  ?? Dr. Abdullah Alhassan, the Saudi G20 Sous-Sherpa and Executive Director of Policy
Dr. Abdullah Alhassan, the Saudi G20 Sous-Sherpa and Executive Director of Policy
 ??  ?? Abdulmuhse­n Alkhalaf, Chief Policy Officer of the Saudi G20 Finance Track Program
Abdulmuhse­n Alkhalaf, Chief Policy Officer of the Saudi G20 Finance Track Program

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