Multilateral Cooperation for Investment can Mobilize Infrastructure Funds and Link Needs of Investors, Governments, and People
Note: This policy brief was published in T20/G20 task force 3 on Infrastructure Investment and Financing. Ms Anita Prakash is the author.
Infrastructure projects are a strategy for growth used worldwide. Despite high levels of global savings, financing gaps in infrastructure development continue to exist. This gap is in large part the result of inadequate policies and processes. Issues with infrastructure project pipelines, governance, national budget commitments, land use, and sustainability costs are important factors that inhibit domestic and global capital flows into infrastructure projects. Multilateral cooperation among governments and development banks can facilitate an environment where policy, regulation, market, and capacity elements support capital investments. The Group of Twenty (G20) can take the lead in supporting such multilateral cooperation through a framework that connects initiatives in finance, multilateralism, trade, and infrastructure tracks in the G20 process.
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