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The proposal would have two core benefits: it would help in protecting billions of people in the developing world who face an uncertain future, and should give developed nations an even greater incentive to continue to reduce their emissions and reach their targets.
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But more exports give developing countries more money to spend on imports mainly from developed economies.
The draft would give developing countries "direct access" to funds, including funds from public sources.
In Paris it was agreed, in principle, to give developing countries more control over the aid they receive.
Another measure would give developing countries a bigger say in the fund's management, to reflect their recent growth.
A "knowledge bank" to give developing countries better access to new ideas and technology could be set up.
The Department for International Development (DfID) "should have done more" to give developing countries a voice in the global battle against tax avoidance and evasion, according to a UK aid watchdog.
The board broadly agreed that the bank should continue investing in extractive industries, like oil, to give developing nations their best chance to reduce poverty.
The success of the emerging economies will boost both global demand and supply.Rising exports give developing countries more money to spend on imports from richer ones.
The G20 also reaffirmed its commitment to reform of the World Bank and the IMF to give developing countries a great say on those bodies.
In return, donors would improve the coordination and predictability of their aid flows and give developing countries greater control over how the money is spent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com