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B20 Calls For Supporting Small Enterprises in Global Business Sectors

B20 Calls For Supporting Small Enterprises in Global Business Sectors

Friday, 20 November, 2020 - 11:30
Women’s participation in the G20 meetings was the highest this year and reached 33.7% of the total participants. (Asharq Al-Awsat)

The Saudi B20 chair, Youssef al-Benyan, called on the G20 to continue to provide financial support to small and medium enterprises (SMEs) and to grant them access to a specialized technical infrastructure, especially in light of the current circumstances.


Addressing a meeting for the Leaders’ Summit program on Thursday, Benyan explained that the Business 20 has established more than six working groups, in addition to the Businesswomen Council to encourage the participation of women in business.


The Business Group represents the global business voice, he emphasized, adding that more than 670 members participated in its meetings, including more than 30 presidents and vice-presidents from the G20 member-states.


Benyan also noted that the participation of women was the highest this year and reached 33.7% of the total participants.


“Globalization has shown that the only way is to cooperate and work as one family to mitigate the consequences of this Covid-19 pandemic. In this Business Group, we have focused on SMEs due to their large contribution, as they account for more than 60 percent of businesses around the world,” he stated.


For her part, member of the Women’s Communication Group, Salma Al-Rasheed, pointed to the difficulties that women faced locally and internationally due to the outbreak of Covid-19.


She emphasized that the Women 20 meetings have focused on the status of women during the pandemic and their potential to support the economy and accelerate its recovery.


Rasheed also expressed optimism on the G20 summit this year seizing the opportunity to reset economies by developing plans to boost growth and empower women as an essential contributor to the recovery process.


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