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First G-20 IWG meet discusses ways to make Infrastructure spending data useful for private sector

Updated: Jan 18, 2023 06:42:41am

First G-20 IWG meet discusses ways to make Infrastructure spending data useful for private sector

Pune, Jan 18 (KNN) The first G20 Infrastructure Working Group (IWG) meeting under G20 India Presidency which concluded on Tuesday in Pune deliberated on several important themes, such as exploring ways to collate the data on Infrastructure spending and make the data useful for the private sector.


The meeting was attended by 64 delegates from by 18 member countries, 8 guest countries and 8 international organisations.

The two-day meeting, hosted by the Indian Presidency, discussed the flagship theme of “Financing Cities of Tomorrow- Inclusive, Resilient and Sustainable”, amongst others.

It included discussions on various facets of making cities economic centres of growth, financing urban infrastructure, building future-ready urban infrastructure, the role of cities in meeting sustainability targets, 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 was also complemented by a High-Level Workshop on “Financing of Cities of Tomorrow” wherein over 15 international experts discussed the issues related to financing of the cities.

The Workshop discussed how the cities of tomorrow must tie together their key administrative functions – their planning, funding, and financing – to increase private sector participation. Divided into three inter-related sessions, the workshop focused on the infrastructure, and related technical and managerial capacity needs to build the Cities of Tomorrow.

The Workshop also discussed how cities and higher governments could prepare themselves to increase private financing for Cities of Tomorrow.

During the IWG meeting, the delegates also had the opportunity to experience the rich cuisine, history and culture of Pune.

The second meeting of the IWG is scheduled to be held in Vishakhapatnam, Andhra Pradesh, on March 28 and 29, 2023.  (KNN Bureau)


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