G20 Development Working Group Submissions
14. "Take into account the
limitations of risk-bearing
capacity of private and
semi-public finance, lessons
learned from past and ongoing
programs, best practice,
the importance of durability
and whole life costing, and
innovative ways to mitigate
and intermediate risks to attract
finance" (2010 MYAP).
15. "Review MIAP and provide
comments to ensure workability,
maximization of outcomes and a
sharper focus on environmental
sustainability and transparency"
(2010 MYAP).
16. "The final outcomes of the
HLP reported to 2011 Finance
Ministers' meeting and to
Leaders in Cannes" (2010
MYAP).
Other Actions
17. "Encouraging B20 to
disseminate and give due
consideration to report on
"Misperception of risk and
return in LICS" (2012 Leaders'
Declaration).
funding available under appropriate terms,
including by moving from a lending culture to
stimulating more private sector investment.
May 2012: A DWG report welcomes
progress in a range of areas and calls for further
implementation (modernizing and developing
MDBs' credit-enhancement tools and a greater
number of MDBs improving staff incentives for PPP
transactions and regional projects).
October 2011: An HLP report sets out
recommendations for mitigating risks, including:
encouraging MDBs to review existing risk mitigation
products; emphasising the gap between actual
and perceived risks to investing in LICs and MICS;
encouraging pilots to test new approaches (e.g.
creation of the Asia Infrastructure Fund); and
highlighting the important role of improved capacity
in domestic financial intermediaries and local
capital markets.
•
The HLP report includes comments on the
MIAP with mutually reinforced proposals, such as
recommendations for improving the pipeline of
bankable projects (project preparation); availability
of funding under appropriate terms (internal MDB
incentives, risk mitigation products); and through the
elaboration of principles to select catalytic regional
projects.
November 2011: Leaders' statements
welcome the HLP report and emphasise support
for specific HLP recommendations (see the Cannes
Declaration).
May 2012: The report is submitted and
shared with the B20 to increase awareness.
June 2012: Leaders welcome the report.
2012: The final report is presented to the
B20 for dissemination.
✓ Completed
T: November
2011
✓ Completed
T: November
2011
✓ Completed
T: November
2011
✓ Completed
T: December
2012
23View entire presentation