Progressing the G20 commitment to improve domestic investment climates through the IIWG
On 18 to 19 March, the G20 Investment and Infrastructure Working Group (IIWG) held their second meeting in Sydney to progress work ahead of the next G20 Finance Ministers and Central Bank Governors meeting in April. IIWG members progressed the G20 commitment to identify ambitious country specific actions to improve domestic investment climates.
The IIWG considered ways to improve data on long-term investment financing, frameworks used by different countries for infrastructure project planning and preparation, and policy recommendations arising from the G20 workshop on small and medium enterprises in Riyadh on 11 to 12 March. The IIWG also received an update on work underway to optimise the use of multilateral development bank resources in infrastructure investment.
The IIWG met with representatives from the B20, C20, L20, T20 and Y20, who presented their work underway on investment and infrastructure to IIWG members. The IIWG will continue to engage with the broader community to foster the sharing of ideas and develop policy recommendations ahead of the Brisbane leaders’ summit in November.
The next IIWG meeting will be held in Singapore on 4 to 5 June.