Jakarta, 17 March 2022 – Continuing the success of the first G20 Infrastructure Working Group (IWG), the G20 Presidency Indonesia, which is represented by Bank Indonesia and the Ministry of Finance, continuedin hybrid format on Thursday, March 17 2022, discussing workstreams/agendas to scaling up sustainable infrastructure investment as well as digital and InfraTech investments through many perspectives. This meeting is attended by co-chairs from G20 members contries such as Singapore, Saudi Arabia, Turki, China, the United Kingdom, Switzerland, Australia, Spain, Japan, Argentina, Russia, France, Canada, South Korea and the European Commission.
The meeting session began with a discussion on “Scaling Up Sustainable Infrastructure Investment by Leveraging Private Sector Participation” as a part of the infrastructure agenda for 2022. The meeting began with an opening remark from the co-chair Christina Gabrin from Australia who acted as the moderator during the meeting. Acting as the Indonesian Presidency co-chair, Brahmantio Isdijoso, Director of Government Support and Infrastructure Financing Management of the Ministry of Finance, delivered a remark from Indonesian G20 Presidency from Ministry of Finance and talked about the targeted deliverables and workplan of how to leverage the private sector participation during the Presidency.
The session followed with presentations from GI Hub and shared their insights and findings on G20/GI Hub Framework on how to best leverage private sector participation to scale up sustainable infrastructure investment and interim report on infrastructure transition pathways. The session continued with OECD presentation on workplan on report of advancing the environment and data for sustainable infrastructure financing, and update on G20 Infrastructure Investors Dialogue. During this session, Global Infrastructure Facility/World Bank also gave their update on the stocktake of approaches that leverage private sector investment in sustainable infrastructure. This session is closed a general discussion from the G20 members and Presidency andshared their views on the proposed approaches.
The meeting then continued with the focus on the topic of “Advancing the Quality Infrastructure Investment Indicators”. Indonesian Presidency shared presentation on proposed deliverables and inputs QII (Quality Infrastructure Investment) indicators. From this discussion, several countries agreed that the QII indicators can be implemented to reach sustainable infrastructure.
On to the third session of the meeting discussed the topic of “Enhancing Social Inclusion and Addressing Subnational Disparities”. For this session, OECD and ADB shared their presentation on draft structure for G20/OECD Policy Toolkit to mobilize financing mechanisms to enhance infrastructure investment in regions and cities during the recovery and the workplan on complementary work. World Bank also delivered their presentation on progress of preliminary findings report on gender inclusive approaches in private participation in infrastructure. Same as the previous meeting sessions, G20 Presidency and G20 members shared their perspectives on the best way to how to elevate social inclusion while at the same time acknowledging subnational disparities.
The fourth session of the meeting or the last session before the final remarks discussed the topic of “Increasing digital and InfraTech investments”. This session started with Indonesian Presidency’s presentation on proposed deliverables and inputs then continued on with AIIB’s presentation on workplan on compendium of case studies on financing digital infrastructure development and proposed high-level seminar. Before the discussion is opened to the floor, GI Hub and AIIB shared their presentation on draft G20 Blueprint for Scaling up InfraTech Financing and Development and inputs to this deliverable. During this session, the discussion revolved around the strategic pillars of the InfraTech ecosystem that consists of policy pillar, commercial pillar, technology pillar, and finance pillar.
The last session of today’s meeting is filled with updates and final remarks. Similar to the previous sessions, the Indonesian Presidency delivered a presentation that provided an update on the proposed deliverables and inputs in this workstream. Continued on, GI Hub presentation on concept note on options for expanding InfraTracker 2 as well as the future GI Hub project update. Based on the GI Hub Strategic Plan 2022-2024, there are two options being considered for the future governance project, which are: (1) Integration as an independent body under an existing international or multilateral institution, in this case the OECD, and (2) establishment as an independent international body, as a non-treaty based international organization.