India begins G20 Infrastructure Working Group Meeting
The first Infrastructure Working Group (IWG) Meeting begins in Pune under India's G20 Presidency and will focus on various facets of making cities economic centres of growth, financing urban infrastructure, and making it future-ready in all aspects.
The meeting will also lay emphasis on directing fiscal investments for unlocking Pvt financing for energy-efficient and environmentally sustainable infrastructure and mitigating social imbalances. The IWG meeting, held as part of India's G-20 Presidency, is scheduled for January 16-17 in Pune, Maharashtra, and will bring together forum members, guest countries and international organisations invited by India to discuss the 2023 Infrastructure Agenda.
The meeting is being hosted by the Department of Economic Affairs, and the Ministry of Finance, along with Australia and Brazil as the co-chairs, the official statement of the Ministry of External Affairs read.
The G20 Infrastructure Working Group deliberates on various aspects of infra investments, incl developing infra as an asset class, promoting quality infrastructure investment and identifying innovative instruments for mobilizing financial resources for infrastructure investment.
According to the official statement of the Ministry of External Affairs, the outcomes of the IWG feed into the G20 Finance Track priorities and promote Infrastructure Development.
The flagship priority to be discussed in this meeting is "Financing Cities of Tomorrow: Inclusive, Resilient and Sustainable."