Bali, June 10, 2022 –
The G20 Infrastructure Working Group meeting, part of the Infrastructure Working Group (IWG), was reconvened on June 9-10, 2022 to continue consideration of the G20 agenda in the infrastructure sector. This 3rd JIF, which took place in a hybrid format in Nusa Dua, Bali, brought together several representatives of member countries and international organizations. Other delegates participated virtually in the discussion.
The two-day meeting was organized to offer updates on the status of completion of deliverables and to receive further input from member countries. The co-chairs of Australia, Brazil and the Indonesian Presidency expressed their appreciation for the good cooperation with international organizations as well as the contributions made by member countries towards achieving the deliverables of the six IWG agendas.
The first day of the 3rd IWG focused on three agendas: investing in sustainable infrastructure, social inclusion and regional inequalities, and post-pandemic transformative infrastructure. Several reports supporting the completion of the deliverables have been completed and presented by international organizations, including the OECD Report on Promoting Environment and Data for Sustainable Infrastructure Financing and the IM Cluster Report on Infrastructure Transition Pathways, which support the IWG’s program related to investing in sustainable infrastructure. .
In addition to outlining the status of deliverables, on the first day of the meeting, Swiss representatives highlighted their experiences in developing a sustainable infrastructure project. Indonesia, represented by PT Indonesia Infrastructure Finance (IIF), also had the opportunity to make a presentation on reducing regional (sub-national) disparities through infrastructure development in Indonesia.
On the first day of the meeting, the Presidency and the Asian Infrastructure Investment Bank (AIIB) co-organized a high-level seminar on Digital Infrastructure: Bridging the Digital Divide, which was attended by Dr. Daron Acemoglu, Professor of Massachusetts Economics. Institute of Technology (MIT), as well as speakers from various countries, international organizations and the private sector. The seminar addressed the issue of the digital divide, particularly from a regulatory point of view, the role of the public and private sectors, as well as innovative financing structures in the development of digital infrastructures, all in line with the GTI agenda. for the development of digital infrastructure.
In her address, Sri Mulyani, Minister of Finance, highlighted the role of the G20 in improving the global digital infrastructure to enable digital transformation. “Some of the challenges in improving the digital infrastructure,” she continued, “are how to build an integrated and innovative public/private financing system, a favorable national climate and a financial framework that attracts investments”. Accordingly, this meeting discussed ways to overcome these challenges to improve the global digital infrastructure and ensure an inclusive global recovery.
On the second day of the 3rd IWG meeting, three other agendas were discussed: Quality Infrastructure Investment (QII) Indicators, Digital Infrastructure and InfraTech, and GI Hub Governance . All deliverables are expected to be completed by September 2022. The QII and InfraTech indicators, in particular, are expected to be finalized and approved at the Finance Minister and Central Bank Governors (FMCBG) meeting in July 2022 .