In the third Meeting of Ministers of Finance and Governors of Central Banks (FMCBG) of the G20, held in Bali on July 15 and 16, 2022, the Compendium of Quality Infrastructure Investment Indicators (QII) and the associated guidance note were approved.
During the meeting, Minister President Sri Mulyani Indrawati noted that “these documents will now allow members to select from a menu of voluntary, non-binding, non-prescriptive and customizable indicators to help all countries, including developing infrastructure projects, to build infrastructure projects maximizing the positive economic, environmental, social and development impact of the infrastructure”.
The G20 has highlighted the importance of the quality of infrastructure investment, including in the 2016 Hangzhou Summit Leaders’ Communiqué.
In June 2019, under the Japanese Presidency of the G20, the G20 FMCBGs endorsed the G20 Principles for Quality Infrastructure Investment (QII), which are voluntary, non-binding principles that reflect a common strategic direction and aspiration for the investment in quality infrastructure.
The 2019 G20 Osaka Leaders Declaration states that these principles emphasize the importance of investment in quality infrastructure for the G20’s ongoing effort to help close the infrastructure gap.
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The construction, operation, and maintenance of infrastructure assets, address information gaps that may be reducing investment in infrastructure, and support increased flows of funds for infrastructure projects.
It builds on existing indicator frameworks currently used by countries and different organizations, and groups the indicators into six matrices consisting of cross-cutting infrastructure, energy, water and wastewater, ICT, transport and infrastructure. urban.
The G20 has highlighted the importance of the quality of infrastructure investment
The Guidance Note complements the QII Compendium of Indicators and provides for each indicator the definition, units of measure, relevant links to reference sources, potential data sources for the indicator, and the list of some of the institutions that currently use the indicator.
The G20 is grateful to the International Finance Corporation (IFC) for its support in developing the Compendium and Guidance Note, which will help the G20 in its commitment to reinvigorate infrastructure investment in a sustainable, inclusive, accessible and affordable way.
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