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As 2018 comes to a close, we would like to take this opportunity to thank you for your support this past year. The Global Infrastructure Hub (GI Hub) had an ambitious agenda for 2018 and we are pleased to say that, with the help of our partners and stakeholders, we have been able to achieve some important milestones.
One of the primary responsibilities of governments the world over is to provide public services to their citizens, including through infrastructure projects. However, governments are often faced with limited resources, constraining their ability to finance and deliver infrastructure on their own. Thus, it is often necessary to invite a private sector party to jointly provide the services in partnership with the public sector.
With a people-centred vision, the Argentine G20 Presidency placed sustainable development at the forefront of the G20 agenda in 2018, under the theme Building consensus for fair and sustainable development .
On 5 December 2018, a delegation of 15 staff, including senior level officials from China Clean Development Mechanism (CDM) Fund under the Ministry of Finance, and officials from ten provincial finance departments visited the Global Infrastructure Hub (GI Hub) in Sydney to learn more about the organisation’s mandate, mission, tools and products.
The GI Hub welcomes the commitment from the G20 Leaders in addressing the infrastructure financing gap and encouraging more private sector investment.
On 22 November 2018, the Global Infrastructure Hub (GI Hub) and the China Public Private Partnerships Centre (CPPPC) signed a memorandum of understanding (MoU) to establish and strengthen the collaborative partnership between the organisations.
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 Financial Stability Board (FSB) have published a consultation report on the Evaluation of the effects of financial regulatory reforms on infrastructure finance.
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 Global Infrastructure Hub and Turner & Townsend Launch PPP Contract Management Tool. Effective management essential to unlocking value behind infrastructure PPPs.
The third Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) was held in Mumbai on 25-26 June 2018, and the Global Infrastructure Hub was asked to join one of the panels organised by India, as the host nation.