The fourth and final meetings of the G20 Infrastructure Working Group (IWG) have concluded with a number of deliverables that will be proposed to the G20 Ministers of Finance and Central Bank Governors in October.
The IWG is one of the Finance Track working groups and has throughout South Africa’s G20 Presidency discussed various aspects of infrastructure financing such as addressing how greater private sector participation in public infrastructure can be catalysed.
During the last IWG meeting held on 22 – 23 September, delegates participated in technical discussions held across three thematic seminars, and plenary sessions centered around South Africa’s G20 infrastructure priorities of growing an investable pipeline, scaling up blended-finance solutions, and delivering cross-border infrastructure for regional development. This innovative approach of combining formal IWG deliberations with learning events aimed to foster deeper collaboration across public, multilateral, and private partners.
The meeting also considered and broadly supported the following deliverables:
- Framework for Effective Planning and Preparation Practices: that provides high-level guidance to governments on improving planning and project preparation to scale up the development of an investable pipeline of infrastructure projects and mobilise greater private sector participation.
- Report on Blended Finance De-risking Measures: that explores how guarantees and credit enhancements can better contribute to the mobilisation of private capital towards sustainable infrastructure in EMDEs, and the policy actions that can be taken to improve the accessibility and functioning of these instruments.
- Toolkit for Developing Cross-Border Infrastructure: that highlights key barriers to cross-border infrastructure projects and provides practical guidance to governments, regional bodies, implementing agencies and other relevant stakeholders to overcome these.
The G20 Finance Ministers and Central Bank Governors will consider these deliverables for endorsement in Washington, D.C on the sidelines of the Annual meetings of the World Bank Group and the International Monetary Fund in October.
A more detailed outcomes statement is available on the National Treasury website: www.treasury.gov.za.
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E-mail: media@treasury.gov.za
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