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B20 Germany: Financial Inclusion for Women-owned SMEs

Shaping an Inclusive Business Environment in a Globalized World: Strengthening Women-owned SMEs

With holding the recent very successful B20 Summit and W20 Summit in Berlin and handing over our respective recommendations to the G20, we could once more emphasize the importance to jointly build a sustainable economy. In our processes and meetings we, as the G20 engagement group, often find that we endorse the same approaches, advocate for the same topics, and work on solutions for the same problems. Thus, the Women20 (W20) and Business 20 (B20) decided to jointly pass the attached statement on Shaping an Inclusive Business Environment in a Globalized World: Strengthening Women-owned SMEs. Women-owned small and medium enterprises (SMEs) contribute significantly to the economies in which they operate. However, female entrepreneurs face many challenges. Female-led SMEs as well as  start-up rates for SMEs from women are much lower than of their male counterparts. The G20 should step up its efforts to support not only SMEs but female entrepreneurship, paying particular attention to access to finance and to digitalization.

Kindly find attached the W20-B20 Statement signed by W20 Chairs Mona Küppers and Stephanie Bschorr as well as B20 Chair Juergen Heraeus und Cross-thematic Group SMEs Chair Rudolf Staudigl. We are submitting our joint statement to the 3rd Meeting of the G20 Development Working Group.

To download the B20 Statement please click on this link:  B20 W20 Statement_final Access to Finance for SMEs

BIIA is a participant in B20 related issues such as Financial Inclusion, SME Access to Finance, Digitization, Cyber Security and Cross Border Data Flows

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