G20 Development Working Group Submissions slide image

G20 Development Working Group Submissions

6. "Improve the domestic infrastructure investment climate: work with LICs, assess and diagnose bottlenecks in LICS that hamper investment, and assist LICs in developing action plans in the context of national development goals and strategies to: (a) remove bottlenecks in development, whole life costing and planning for investments in new infrastructure, operations and maintenance of existing ones and rehabilitation of aging ones; (b) improve their resource mobilisation and increase fiscal space; and (c) increase energy access, including by supporting more sustainable paths" (2010 MYAP). 7. "Undertake special measures for regional integration: identify and make recommendations for specific institutional, regulatory and policy changes in national policies and regional architecture to respond to the physical and economic needs of regional projects "(2010 MYAP). 8. "Special measures for regional integration: identify a limited number of regional initiatives with an action plan to reduce bottlenecks and deliver concrete outcomes" (2010 MYAP). November 2011: Leaders' Declaration supports MDB and HLP recommendations for: supporting local capacity development through initiatives like the HLP's Fellowship Program and MDB efforts to strengthen regional PPP practitioner networks; improving the quality of information available to investors by establishing online regional platforms such as Sokoni and the extension of the Africa Infrastructure Country Diagnosis to become a global benchmarking infrastructure data initiative; and improving access to funding, notably through the strengthening of local intermediaries and financial markets. May 2012: A DWG report thanks the HLP for efforts to make Fellowship Program a reality. October 2012: An MDB Follow-up Report calls on G20 members to provide: US$3 million to benchmark LICs in the global initiative, or US$10 million for all developing countries. Leaders' Declaration in June 2012 recognises that G20 members will do this on a voluntary basis. (see 1.1.1 on ICA) October 2011: MIAP recommends: launching a global infrastructure benchmarking initiative; expanding technical assistance by strengthening regional PPP practitioners' networks. 2011: A DWG report recommends endorsing principles for PPFs effectiveness (suggested in the Action Plan); and calls for a functional audit of existing PPFs. October 2011: MIAP recommends piloting an Africa Infrastructure Marketplace and jointly with the HLP identifying 11 exemplary regional infrastructure projects using agreed criteria. November 2011: Leaders' Communiqu & Declaration highlight 11 infrastructure projects and call on MDBs to pursue implementation with countries involved. October 2012: An MDB Follow-up Report welcomes progress made in the 11 projects and calls on G20 members to provide financial support to enable the immediate operationalization of Sokoni (3 years, US$ 10 million). Off-track Some more decisions are required to turn recommendations into concrete actions, and LICS should be further involved T: November 2011 āœ“ Completed T: November 2011 Off-track Financial commitments are required to ensure operationalization of Sokoni, and actions may be needed for any of the 11 projects stalled T: November 2011 21
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