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: []
- The Guidance Note for the Compendium of QII indicators: [Link Download]
G20 Blueprint for Scaling Up InfraTech Financing and Development is published to support the implementation of InfraTech agenda
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: [Link Download]
