Unlocking private sector investment in the G20 Investment and Infrastructure Working Group
On 7 February representatives of G20 Finance Ministries and Central Banks, as well as experts from international organisations, attended the G20 Investment and Infrastructure Working Group (IIWG) meeting in Mexico City.
The IIWG is a newly formed working group under the Australian Presidency which is tasked to find ways to unlock private sector investment, particularly in infrastructure and small and medium enterprises. The IIWG is using the analysis that was undertaken by the G20 Study Group on Financing for Investment in 2013 to help develop policy recommendations.
A key part of the IIWG’s work is driving the identification of collective and country-specific actions that can tangibly improve domestic investment environments to facilitate long-term investment by the Brisbane summit, as directed by G20 Leaders in St Petersburg. These actions will form part of G20 countries broader comprehensive growth strategies, which are being progressed by the Framework Working Group.
Beyond improvements to the domestic investment climate, the IIWG meeting also focused on:
- ways countries can improve the intermediation of domestic and global savings to finance long-term investment, and provide access to finance for SMEs
- actions that can improve project preparation, planning and funding
- options to optimise the use of existing multilateral development bank resources in infrastructure investment.
The IIWG will continue progressing all aspects of their agenda at their next meeting on 19 March in Sydney.