New Delhi: The first G20 Infrastructure Working Group meeting under G20 India Presidency will be held on January 16 and 17 in Pune. The discussions during this meeting will focus on the agenda for the Infrastructure Working Group under the Indian Presidency with flagship priority being “Financing Cities of Tomorrow: Inclusive, Resilient and Sustainable”.
The meeting will be hosted by the Department of Economic Affairs, Ministry of Finance, Government of India along with Australia and Brazil as the co-chairs.
The forum will bring together the IWG member countries, guest countries and international organisations invited by India to discuss the 2023 Infrastructure Agenda under the Indian G20 Presidency, the Ministry of External Affairs said in a statement.
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The G20 Infrastructure Working Group deliberates on various aspects of infrastructure investments, including developing infrastructure as an asset class; promoting quality infrastructure investment; and identifying innovative instruments for mobilising financial resources for infrastructure investment. The outcomes of the Infrastructure Working Group feed into the G20 Finance Track priorities and promote Infrastructure Development, it added.
A high-level workshop will also be complimented on the sidelines of Pune-meeting on “Financing Cities of Tomorrow”.
The Workshop will discuss relevant themes pertaining to technical and managerial capacity needs to build the Cities of Tomorrow, Investors’ considerations in increasing private financing and the financial capacity needs of Cities of Tomorrow, it added.
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During India’s G-20 Presidency, the G-20 Infrastructure Working Group will be used as a forum to discuss the challenges that cities face and opportunities that cities will bring in the near future and chart out a course that makes cities more liveable.
The Ministry of Finance will steer the G20 Infrastructure agenda to ensure that the G-20 acts as a global prime mover to envision new ideas and accelerate collective action, the ministry said.