G20 members, key private sector players, representatives from international organisations and academia met virtually on 3 June to discuss best practices and measures related to ‘Financing Sustainable Infrastructure for the Recovery'.
May 31st, 2021
On 3 June, the Italian G20 Presidency, together with the OECD and the D20 Long-Term Investors Club, organised the 2021 G20 Infrastructure Investors Dialogue. The 2021 edition gathered G20 members, key private sector players, representatives from international organisations and academia to discuss solutions related to ‘Financing Sustainable Infrastructure for the Recovery’.
The event featured high-level speakers, including Italian Finance Minister, Daniele Franco, and US Secretary of the Treasury, Janet Yellen. In a bid to create a strong legacy among G20 Presidencies, the event also included the interventions of Saudi Arabia Finance Minister, H.E. Mohammed Al-Jadaan – who led the G20 Finance Track in 2020 – and the Indonesia Finance Minister Sri Mulyani Indrawati who will take over the lead in 2022.
Ministers had the opportunity to exchange views with some key private sector actors, including Carlo Messina, B20 Chair of the Finance and Infrastructure Task Force, Managing Director and CEO at Intesa Sanpaolo and Larry Fink, CEO at BlackRock. The Chairman for Cassa Depositi e Prestiti, Giovanni Gorno Tempini, and the President of the European Investment Bank, Werner Hoyer also joined.
A full programme is available here.
The event was livestreamed and you can watch the full recording here.
Why financing sustainable infrastructure is crucial to foster a strong and inclusive economic recovery?
Infrastructure is a central element in all aspects of economic and social activities, and is essential for the quality of life, the green transition and successful sustainable development.
Despite broad recognition of the need for more and better quality infrastructure investment, in recent years, public and private investment has seen a declining trend, which has particularly affected social infrastructure. As a result, the infrastructure investment gap is set to reach $15 trillion by 2040, and is expected to be even higher if sustainable infrastructure needs – especially in developing and emerging countries – are not adequately taken into account.
Against this background, the 2021 G20 Infrastructure Investors Dialogue, offered the opportunity to advance on the proposals found in the G20/OECD Report on the Collaboration with Institutional Investors and Asset Managers on Infrastructure and support ongoing collaboration between the public and private sectors in order to unlock further investment and sustainability, particularly in light of the role of quality infrastructure investment for the recovery. This event was part of the activities of the G20 Infrastructure Working Group ambitious agenda.