First G20 infrastructure working group meeting concludes

The meeting was attended by 64 delegates from 18 member countries, 8 guest countries and 8 international organizations. The G20 IWG discussed the 2023 Infrastructure Agenda under the Indian G20 Presidency, it added. 

The two-day meeting discussed the flagship theme of ‘Financing Cities of Tomorrow- Inclusive, Resilient and Sustainable’, amongst others.  

“The meeting included discussions on various facets of making cities economic centres of growth, financing urban infrastructure, building future-ready urban infrastructure, the role of cities in meeting sustainability targets, directing fiscal investments for unlocking private financing for energy-efficient and environmentally sustainable infrastructure and mitigating social imbalances,” the ministry said. 

The meeting also discussed other important themes, such as exploring ways to collate the data on Infrastructure spending and make the data useful for the private sector. 

“On the side-lines, the Pune meeting was also complemented by a High-Level Workshop on Financing of Cities of Tomorrow wherein over 15 international experts discussed the issues related to financing of the cities,” the ministry added. 

The Workshop discussed how the cities of tomorrow must tie together their key administrative functions – their planning, funding, and financing – to increase private sector participation.  

“Divided into three inter-related sessions, the workshop focused on the infrastructure, and related technical and managerial capacity needs to build the Cities of Tomorrow. The Workshop also discussed how cities and higher governments could prepare themselves to increase private financing for Cities of Tomorrow,” the ministry said. 

The second meeting of the Infrastructure Working Group is scheduled to be held in Vishakhapatnam, Andhra Pradesh, on 28th and 29th of March, 2023.