G 20 IWG to discuss “Financing Cities of Tomorrow: Inclusive, Resilient and Sustainable”.
The first G 20 Infrastructure Working Group (IWG) meeting under G 20 India Presidency begins in Pune, Maharashtra from 16 – 17 January 2023. The meeting will be joined by the IWG member countries, guest countries and international organizations invited by India to discuss the 2023 Infrastructure Agenda under the Indian G20 Presidency.
The Department of Economic Affairs, Ministry of Finance, Government of India will host the two-day IWG meetings, along with Australia and Brazil as the co-chairs.
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 mobilizing financial resources for infrastructure investment. The outcomes of the Infrastructure Working Group feed into the G20 Finance Track priorities to promote a common objective of economic growth.
Over the years, the Infrastructure Working Group has been stressing on key themes of infrastructure development such as Building Infrastructure as an Asset Class, Promoting Quality Infrastructure Investment (QII) indicators, InfraTech Agenda, among others.
- Australia and Brazil co-chairs of G-20 IWG along with India.
- The first IWG meeting in Pune would be attended by 65 delegates across the G20 membership, invitee countries and International Organizations.
- The Indian G20 Presidency’s theme of ‘One Earth, One Family, One Future’ sets the tone for the 2023 Infrastructure Agenda under the 2023 Indian G20 Presidency. The theme underlines the message of equitable growth and aptly ties up with the central agenda of the discussions which is building resilient, inclusive and sustainable urban infrastructure. The theme also aligns with the work done under the previous presidencies on Infrastructure Agenda.
In the Pune meeting, discussions will focus on the agenda for the Infrastructure Working Group under the Indian Presidency.
The flagship priority to be discussed in this meeting is “Financing Cities of Tomorrow: Inclusive, Resilient and Sustainable”. The theme will focus on various facets of making cities economic centres of growth, financing urban infrastructure, building future-ready urban infrastructure, directing fiscal investments for unlocking private financing for energy-efficient and environmentally sustainable infrastructure and mitigating social imbalances.
On the side-lines, the Pune meeting will also be complemented by a High-Level Workshop on “Financing of 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.
Over the course of next two days, various official meetings and cultural programmes are scheduled.
- On 16th January, the Indian Presidency will flag off the first meeting of the Infrastructure Working Group. In the first half, the IWG delegated will undertake a series of official meeting, and discuss the 2023 Infrastructure Agenda. After lunch, the delegates would be visiting the Pune University for Tree Plantation, followed by a High- Level workshop on “Financing for the cities of Tomorrow”. The day will be concluded with Gala/ Networking Dinner, and will mark closure of Day 1 meetings and events.
- On 17th January 2023, the IWG will deliberate on four sessions. The two-day meetings in Pune will be concluded by a Farewell dinner.
- A part from the formal discussions, the delegates will be able experience the rich culture and beautiful landscapes of the city. The Department has arranged for optional excursions such as Pune Heritage Walk, City Tour and a Trip to Mahabaleshwar.
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 G20 meeting is being accompanied by a number of ‘Jan Bhagidari’; (Domestic Outreach) initiatives involving lectures on G-20, seminar on Making Cities Future Ready and Importance of Urban Development, G20 Cyclothon and model G20 discussion in the educational institutions.
As part of these events, more than 300 people including Municipal Commissioners from Andhra Pradesh, Punjab, Tamil Nadu, Kerala, Telangana, Gujarat, Maharashtra, Chhattisgarh, Himachal Pradesh etc., urban experts and industry representatives from all over the country participated in a national level seminar on Urban Infrastructure in Pune on 13th January 2023.
The initiative aims to involve people from all walks of life in the whole discussions happening around the G20 themes.
During India’s G20 Presidency, the G20 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 future course that makes cities more liveable.
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