G-20 News

G20 Finance Track in Genoa: Integrating local perspectives into the G20 infrastructure agenda

Members of the G20 Infrastructure Working Group meet in Genoa for their sixth official meeting under the Italian Presidency of the G20.

From Monday 27 to Wednesday 29 September, the G20 Infrastructure Working Group (IWG) meets in Genoa for a three-day meeting. The Group will move forward on its agenda before the next meeting of G20 finance ministers and central bank governors, which will take place on October 13 in Washington.

Discussions began on Monday, September 27 with the G20 High Level Conference on Investing in Local Infrastructure organized by the Italian Presidency of the G20, in collaboration with the Municipality of Genoa and the Istituto Affari Internazionali.

The high-level conference provided an opportunity to discuss the role that local authorities could play in both the management of infrastructure assets and the provision of services. The event was marked by the presence of high-level representatives of the Italian government, including Daniele Franco, Minister of Economy and Finance, Enrico Giovannini, Minister of Sustainable Infrastructure and Mobility, and Roberto Cingolani, Minister of Ecological Transition.

The Mayor of Genoa, Marco Bucci, and the President of Liguria, Giovanni Toti, warmly welcomed an audience of some 200 participants in person – plus some 150 remotely connected – made up of representatives of local authorities from G20 countries, organizations international, multilateral development banks and key level C private sector actors.

Genoa, home to one of Italy’s main seaports and having recently made the news as an example of effective public-private cooperation in infrastructure investments for the reconstruction of the Genoa St. George Bridge, represented the venue. ideal for a debate on these issues.

Many participants pointed out that looking at infrastructure investments through local lenses means addressing a wide range of challenges, such as budget constraints, insufficient resources, higher levels of administrative barriers or bureaucratic complications, in particular. when managing infrastructure in coordination with central governments.

A more local perspective could help reduce the gaps for rural and remote areas, which often lag behind in terms of accessibility to services. In this context, local experiences can present good practices that could promote and contribute to a better calibration of national and supranational policies, in particular after the pandemic.

The 2021 G20 High Level Conference on Local Infrastructure Investments was organized on the eve of the 6th G20 IWG meeting, to be held on September 28-29, 2021, also in Genoa. Members of the G20 IWG will move forward in their work to foster investment in quality infrastructure, as the international community recognizes this is crucial to spur economic recovery and lay the foundation for sustainable and inclusive growth. The COVID-19 crisis has shown how essential high-quality, reliable infrastructure systems are to respond to unexpected external shocks and to deliver quality services to the entire population.

You can watch the G20 High Level Conference on Investing in Local Infrastructure, here.

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