Investment and Infrastructure
Investment, particularly in infrastructure and Small and Medium Enterprises (SME’s), is important for countries to support economic growth, create jobs and improve productivity. The G20’s Global Infrastructure Initiative is a multi-year programme to increase quality public and private sector investment in infrastructure and help fill the $70 trillion gap (estimated by the OECD) in global infrastructure finance that is needed by the year 2030. These efforts will be further complemented by the Multilateral Development Banks. To support implementation of the Initiative, a Global Infrastructure Hub has been established with a four-year mandate. To strengthen infrastructure and investment in developing countries, the World Bank Group has launched a Global Infrastructure Facility, which will complement work of the G20.
Priorities for Turkish Presidency-2015
- Bringing together the reforms that tangibly improve the investment climate and unlock private sector investments both for infrastructure and SMEs .
- Analysing the investment gaps of the countries, especially in infrastructure, with a view to launch country specific investment strategies.
- On the demand side, enhancing project preparation, effective project prioritization and developing more efficient Public-Private-Partnership (PPP) models.
- With regard to financial intermediation, there will be great importance attached to the non-traditional sources of lending viz Equity-based financing and New Modalities of Asset Based Financing etc.