While 2017 was an eventful year for the Global Infrastructure Hub (GI Hub), 2018 is shaping up to be even busier.
An industry event about the need to attract private capital and develop infrastructure as a standalone asset class is nothing new. However, the G20 Infrastructure Financing Seminar that took place in London last week was unique in that it had the most wide-ranging and intense interactions between governments and the private sector that I have seen to-date.
Welcome to the first edition in a series of updates that the GI Hub will provide in advance of each G20 Infrastructure Working Group (IWG) meeting. As committed to in the GI Hub’s Strategic Plan 2019-22, and in response to requests made by members of the IWG, these updates will provide both a description of activities undertaken since the last IWG meeting and a preview of upcoming initiatives. For each of the GI Hub products discussed in the update, we will identify the relationship between the product and the workstreams in the IWG Terms of Reference. We hope that you will find these updates informative and, of course, we welcome any questions or feedback.
On 12 July 2018 the GI Hub’s COO, Mark Moseley, joined a webinar panel on blockchain and its applications for infrastructure, hosted by the International Project Finance Association (IPFA). Blockchain is the technology that underpins Bitcoin and other similar ‘cryptoassets’, such as Ethereum and Ripple. Its potential, and the recent volatility of cryptoassets, has made the technology one of the most hyped and misunderstood technologies in the market.
The Global Infrastructure Hub and Turner & Townsend Launch PPP Contract Management Tool. Effective management essential to unlocking value behind infrastructure PPPs.
On 22 July, at their meeting in Buenos Aries, the G20 Finance Ministers and Central Bank Governors voted to renew the mandate of the Global Infrastructure Hub for another four years.
The GI Hub welcomes the Canadian Government’s strong commitment to sustainable development, and growing the world’s economy through effective infrastructure planning and investment. We sincerely thank Prime Minister Trudeau for Canada’s generous contribution to the GI Hub, and look forward to working together to improve infrastructure procurement and delivery around the world.
The GI Hub welcomes the commitment from the G20 Leaders in addressing the infrastructure financing gap and encouraging more private sector investment.