The First G20 Infrastructure Working Group Meeting To Encourage Recovery of the World Economy

Jakarta, January 21, 2022 – As part of Indonesia’s G20 Presidency serial activities, the Ministry of Finance and Bank Indonesia held the first G20 Infrastructure Working Group (IWG) on 20-21 January 2022. The virtual meeting was attended by G20 member countries and several international organizations. In line with theme of the Indonesian presidency, “Recover Together, Recover Stronger,” this meeting examined the efforts to encourage the post-COVID-19 world economic recovery through the development of higher-quality infrastructure.

IWG G20 meetings will be held several times in 2022, to discuss and to sharpen the role of infrastructure investment during and after the pandemic by focusing on four main agendas. The agenda are (i) Scaling up sustainable infrastructure investment by leveraging private sector participation; (ii) Enhancing social inclusion and addressing subnational disparities; (iii) Increasing digital and InfraTech investments; and (iv) advancing transformative infrastructure post-COVID-19. The meetings will also continue to discuss the legacy topics of the previous G20 presidencies, including developing the quality infrastructure investment (QII) indicators.

On January 19, 2022, Indonesia’s presidency also hosted a seminar with the theme “Scaling up Sustainable Infrastructure Investment by Leveraging Private Sector Participation”, that aims to open the discussion on the year-long agenda by inviting private parties and other infrastructure stakeholders. The seminar was co-organized by Global Infrastructure Hub (GI Hub) and Indonesia Presidency. The seminar also presented international organizations such as EDHECInfra, GRESB, CCRI, EBRD, OECD, and China-Africa Development Fund. In addition to the international organizations, the seminar also presented representatives from private parties such as HSBC, Meridiam, I Squared Capital, and SMBC. The presence of private partners is expected to show potential sources of financing and to understand private perspectives on sustainable infrastructure.

Through this first meeting and seminar, Indonesia seeks to obtain input from G20 member and international organizations regarding the G20 infrastructure agenda and the deliverables that need to be achieved this year, which will then be submitted for discussion in the Finance Ministers and Central Bank Governors Meeting later in February 2022.***

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