At the G20 in Mexico ONE is encouraging concerted action on three important issues: transparency and accountability; infrastructure and energy; and agriculture, nutrition and food security. The G20 has discussed these issues over the last few years and made a number of commitments to address them. At the Los Cabos Summit, it is critical that the G20 acts upon these commitments in an accountable and timely fashion.
The G20 and its individual members must maintain momentum towards greater transparency about natural resource revenues. In the past, G20 documents have made reference to mandatory reporting requirements for extractive industry companies, in addition to supporting implementation of the Extractives Industries Transparency Initiative (EITI) implementation. If the G20 Los Cabos Summit is silent on the issue of natural resource governance, that would represent a step back at a critical moment.
On transparency and accountability more broadly:
We welcome the attention that the Anti-Corruption Working Group has given to the issue of fiscal transparency and to the Global Initiative on Fiscal Transparency (GIFT) and trust that this will be reflected both in the G20 outcome documents, and through continued support for fiscal transparency by the G20 and its members.
We have been impressed by the G20’s linkage of the agenda of the Anti-Corruption Working Group and the Open Government Partnership. To keep open governance high on the G20 agenda, it would be useful for the Open Government Partnership to be endorsed in the G20 Outcome Documents.
On infrastructure and energy:
We welcome the continued attention of the Development Working Group (DWG) on infrastructure, including scaling up catalytic investments. DWG recommendations should continue to be monitored and reflected in the G20 outcome documents.
We strongly encourage the G20 to address energy access issues in the final outcome documents and its work streams going forward. The lack of access to modern energy has been overlooked for too long – 1.4 billion people have no access at all and a further one billion do not have reliable access. G20 leadership on this issue is sorely needed and would help to galvanize global action during the UN’s International Year of Sustainable Energy for All.
On agriculture, nutrition and food security:
ONE warmly welcomed the Cannes Multi-Year Price Volatility and Agriculture Action Plan last year. The G20 should build upon this achievement by outlining a Road Map that identifies a clear, measurable and transparent framework for following through on all G20 food security related commitments. This includes: assigned roles and responsibilities for individual countries and organizations; a clear and consistent time frame for completing these actions; a public platform to communicate information on progress; and widely accepted criteria for measurement and evaluation of progress.
The G20 should commit to following through on all financial market reforms agreed by the Financial Stability Board (FSB) by end 2012 as decided at the 2009 Pittsburgh G20 Summit, and look to strengthen advances made at the 2011 Cannes G20 Summit that permit regulators to impose position limits before a crisis erupts.
The G20 should recognize the World Health Assembly’s goal to reduce child stunting globally by 40% in the next 10 years and should commit to doing its part to achieve this long-term goal with agreed interim targets at 2015 and 2017.
Lastly, the G20 should reaffirm its support to small-holder farmers and women by: (1) ensuring that risk management instruments and commodity market exchanges are accessible to neglected and vulnerable populations; and (2) ensuring that private investments comply with the Voluntary Guidelines for Responsible Governance of Tenure of Land, Fisheries and Forests.