Description
A webinar organised by the FIDIC International Financial Institutions Committee.
Following on from the findings of the very successful FIDIC International Financial Institutions Committee webinar held on 16 November 2021 on “Partnership with Purpose”, this latest webinar will take a further look at thoughts and opportunities to explore and exchange dialogue on the appropriate funding mechanisms that are ‘fit for purpose’ while addressing, both the global needs for sustainable infrastructure and appropriate and responsible financing.
Introduction
UN and IEA estimates show that roughly $2.6 trillion dollars are required annually for new and existing infrastructure to meet the 2030 Sustainable Development Goals (SDGs) and stay on a path to a net-zero society by 2050.
The private sector and the Multilateral Development Banks play a critical role in closing this gap, and enhanced efforts are needed to scale up infrastructure investment in low and middle-income countries that promote a green and digital transformation.
Defining global quality infrastructure standards and setting aside substantial funds for project preparation are two critical elements to move faster to meet the global goals, and we are running out of time.
G20 has developed 6 principles for Quality Infrastructure (Qi) investment that are fully aligned with the SDGs and the ESG criteria, and the Global Infrastructure Hub (GIH) is promoting them at a global scale to attract institutional investors.
To accelerate the delivery of quality infrastructure, Multilateral Development Banks and G20 governments need to boost the project preparation funding to help countries with the design, cost-benefit analyses, and technical, environmental, and social impact studies that would attract private investment.
Takeaways
The webinar would give participants an understanding of the Quality Infrastructure Principles and the role of G20 in promoting these principles in infrastructure project pipelines globally. It would also explain how MDBs are incorporating these principles and what project preparation funds are available, with specific examples.
Find out more by booking your free place at this webinar on Tuesday 11 October 2022 at 12 noon CET.
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