G20 launched W20 to enhance role of women in business

Sep 7, 2015 13:06 IST

The G20 grouping on 6 September 2015 launched the W20 (Women20) in Ankara, Turkey. The focus of the W20 is to enhance the role of women in business.

Though the grouping was created in April 2015 it was formally launched on the sidelines of the G-20 Meeting of Finance Ministers and Central Bank Governors.

G20 is a group of major economies formed to bring together systemically important industrialized and developing economies to discuss key issues in the global economy.

The mandate of W20 is to advance and realize recent G20 commitments on

• Achieving women’s full economic and social participation (Los Cabos Leaders’ Declaration, 2012).
• Enhancing women’s financial inclusion and education (St Petersburg Leaders’ Declaration, 2013).
• Reducing the participation gap between women and men in G20 countries by 25 per cent by 2025, taking into account national circumstances (Brisbane Leaders’ Declaration, 2014).

It is in addition to the existing official engagement groups of the G20-B20 (Business20), C20 (Civil society20), L20 (Labour20), T20 (Think20) and Y20 (Youth20).

Gulden Turktan was appointed as the first president of the group.

She is one of the founders and President of the Women Entrepreneurs' Association in Turkey (KAGIDER), and is currently a member of its Executive Board.

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