The G20 endorsed the G20 Blueprint for scaling up InfraTech Financing and Development at the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, held in Bali on 15-16 July 2022. The Blueprint is developed to enable the public and private sectors to collaborate and scale up investment into InfraTech. This effort will enable us to continue to progress our G20 Infrastructure Technology (InfraTech) agenda as Chair Minister Sri Mulyani Indrawati mentioned during the FMCBG meeting.
Discussions on the InfraTech agenda began under the 2020 Saudi Arabia Presidency, resulting in the G20 Riyadh InfraTech Agenda. InfraTech is defined as the integration of digital and non-digital technologies with physical infrastructure to deliver efficient, connected, and resilient assets. Leveraging innovative technology solutions across the infrastructure life cycle can mobilize private capital. InfraTech has clear potential to achieve long-term infrastructure priorities by 1) improving efficiency and reducing costs, enhancing economic, social & environmental value, and reshaping infrastructure demand, and creating new markets; 2) supporting the 2018 G20 Roadmap to Infrastructure as an Asset Class by providing enhanced data, tools as well as facilitating investors' ability to make informed decisions; and 3) enabling infrastructure transition pathways.
The Blueprint outlines a set of evidence-based, voluntary, non-binding actions to promote the six elements in the G20 InfraTech Agenda, with the aim to enable public and private sectors to collaborate and scale up investment into InfraTech. Four pillars (Policy, Commercial, Technology, Finance) are highlighted as opportunity areas to move forward the G20's efforts in scaling up InfraTech investment.
The G20 thanks the Global Infrastructure Hub and the Asian Infrastructure Investment Bank (AIIB) for their support in developing the Blueprint.
The full PDF version of the Blueprint can be reached here: [https://g20.org/wp-content/uploads/2022/07/G20-Blueprint-for-Scaling-up-InfraTech-Financing-and-Development.pdf]
