The G20 Taskforce on Inclusive Growth has urged the creation of a global panel to address what it described as a worsening “inequality emergency,” citing rising income disparities, uneven access to technology, and the widening wealth gap between developed and developing nations.
In a statement released on the sidelines of the G20 meetings in Rio de Janeiro, the taskforce said the panel would coordinate cross-border policies aimed at improving wage growth, expanding digital inclusion, and strengthening social protection systems. The proposal received backing from several member states, including South Africa, India, and Brazil, which argued that inequality poses a direct threat to global stability and sustainable growth.
“The world cannot afford to ignore the inequality crisis any longer. Without coordinated action, it risks undermining social cohesion and global prosperity,” the taskforce said, as reported by Reuters.
According to Bloomberg, global inequality has reached its highest levels in decades, with the wealthiest 10% holding more than 75% of global assets. The proposed G20 panel is expected to present a detailed framework for coordinated fiscal and social policies at the next G20 summit in 2026.
