The third meeting of Investment and Infrastructure Working Group (IIWG) under the Turkish G20 Presidency was held in Berlin on August 20-21, 2015.
The central focus of the final IIWG Meeting of 2015 was to conclude the deliverables which target to improve the investment climate and unlock the private sector investment in line with the priorities of G20 Turkish Presidency. To this end, member countries and international organizations agreed that the updated country specific investment strategies supported with further development will be presented to G20 Finance Ministers and Central Bank Governors for further contribution towards the Antalya Summit. These strategies have the objective of boosting investment in G20 countries through policies to i) improve the investment ecosystem; ii) foster efficient infrastructure investment; iii) and support sound long-term financing opportunities for business, including SMEs.
Moreover, 2015 IIWG deliverables comprising of facilitating financial intermediation for long term financing both for infrastructure and SMEs, mobilizing the multinational development banks’ resources, enabling appropriate legal and institutional settings, and improving PPP models, project planning and prioritization process have been finalized by this last IIWG Meeting under the Turkish Presidency.
There was a broad agreement that it has been a very successful year in bringing out the issues related to investment and infrastructure and highlighting some of the pertinent aspect of those issues by rendering very important deliverables under 2015 investment narrative.