Innovative inclusive business solutions are often limited by existing regulation, or because legal foundations are missing; this was initially the case for microfinance and mobile money. Moreover, as BOP markets are mainly informal, companies find it difficult to establish and enforce contracts. At the company level, corporate rules and structures can limit their ability to innovate in BOP markets. Corporate business development processes, for example, often do not allow for longer-term investment or high levels of uncertainty. In addition, in many countries, non-profit organisations (NPOs) can be limited in regards to their earned income strategy.

Summary of Official GPIB Launch and Inaugural Workshop

With the launch of the G20 Global Platform on Inclusive Business (GPIB), the G20 has delivered on the G20 Leaders' Call from the 2015 Summit in Antalya to strengthen inclusive business and set up a platform on inclusive business policy research and learning. G20 members applauded the introduction of the GPIB to bridge the gap in peer learning and to exchange knowledge on inclusive business policy among G20 members and non-members. The platform, managed by UNDP and the World Bank Group, is now online at www.g20inclusivebusiness.org.

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G20 leaders launch global partnership and website to help advance inclusive business

Nanjing, China—The G20 officially launched the Global Platform on Inclusive Business (GPIB) today in Nanjing, China. The Platform is a global partnership that will provide support to policymakers and accelerate the adoption of inclusive business policies and programs globally.

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G20 Policymaker Roundtable

As part of the 2nd Inclusive Business Asia Forum sponsored by the Asian Development Bank (ADB), the G20 Global Platform on Inclusive Business (GPIB) brought together a range of policymakers for an inclusive business roundtable discussion.  Officials welcomed the opportunity to share their experience with fellow policymakers in a closed-door session. Participants included G20 members and non-members representing foreign affairs ministries, investment bureaus, and bilateral development finance institutions (DFIs), and aid agencies’ country, regional, or headquarter-level offices. Countries represented included Canada, France, Germany, Japan, Philippines, Sweden, United Kingdom, and the United States.
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G20 Leaders’ Call on Inclusive Business

Leaders at the G20 Leaders Summit in Antalya, Turkey issued a call to action to public and private sector representatives, international organizations and civil society to advance the ability of businesses around the world to integrate low-income people into their value chains.

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