At the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Bali on 15-16 July 2022, G20 FMCBGs endorsed the Compendium of Quality Infrastructure Investment (QII) Indicators and associated guidance note, developed for the G20. During the meeting, chair Minister Sri Mulyani Indrawati noted “these documents will now allow members to select from a menu of voluntary, non-binding, non-prescriptive, and customizable indicators to assist all countries including developing infrastructure projects in building infrastructure projects while maximizing the positive economic, environmental, social, and development impact of infrastructure”.
The G20 has emphasized the importance of the quality of infrastructure investment, including in the Leaders’ Communiqué at the 2016 Hangzhou Summit. In June 2019, under the Japanese G20 Presidency, the G20 FMCBGs endorsed the G20 Principles for Quality Infrastructure Investment (QII), which are voluntary, non-binding principles that reflect a common strategic direction and aspiration for quality infrastructure investment. The 2019 G20 Osaka Leaders’ Declaration states that these principles emphasize the importance of quality infrastructure investment to the G20’s ongoing effort to help close the infrastructure gap.
The Compendium’s menu of voluntary, non-binding, non-prescriptive, and customizable indicators are intended to help inform decision-making on the design, building, operation, and maintenance of infrastructure assets, address information shortfalls that may be reducing investment in infrastructure, and support increased fund flows to infrastructure projects. It draws from existing indicator frameworks currently used by countries and different organizations, and groups the indicators into six matrices consisting of cross-cutting, energy, water & wastewater, ICT, transportation, and urban infrastructure. The Guidance Note complements the Compendium of QII indicators and provides for each indicator the definition; units of measurement; relevant links to reference sources; potential data sources for the indicator; and list of some of the institutions that currently utilize the indicator.
The G20 thanks the International Finance Corporation (IFC) for its support in developing the Compendium and Guidance Note, which will assist the G20 in its commitment to revitalizing infrastructure investment in a sustainable, inclusive, accessible, and affordable way.
The full PDF version of the documents can be accessed here:
- The Compendium of QII indicators: [https://g20.org/wp-content/uploads/2022/07/Compendium-of-QII-Indicators.pdf]
- The Guidance Note for the Compendium of QII indicators: [https://g20.org/wp-content/uploads/2022/07/Compendium-of-QII-Indicators-Guidance-Notes.pdf]