.jpg "Varanasi to Host G20 Delegates for 4th Sustainable Finance Working Group Meeting.")
Last updated on July 4th, 2023 at 03:48 pm
Estimated reading time: 3 minutes
Pune(Maharashtra): The first G-20 Infrastructure Working Group (IWG) meeting under G20 India Presidency is scheduled for 16th-17th January 2023 in Pune. The forum will bring together the IWG member countries, guest countries, and international organizations invited by India to discuss the 2023 Infrastructure Agenda under the Indian G20 Presidency.
The government of India’s Ministry of Finance’s Department of Economic Affairs will host the meeting along with Australia and Brazil as the co-chairs.
The G20 Infrastructure Working Group deliberates on various aspects of infrastructure investment, including the development of infrastructure as an asset class; promoting standard infrastructure investment; and identifying innovative tools to mobilize financial resources for investment in infrastructure. G20 finance track priorities boosted by the results of the Infrastructure Working Group.
The 2023 Infrastructure Agenda under the 2023 Indian G-20 Presidency sets the tone for the Indian G20 Presidency’s theme of ‘One Earth, One Family, One Future’. The theme’s message of equitable growth ties in with the central agenda of the discussions, which is to build resilient, inclusive, and sustainable urban infrastructure.
At the Pune meeting, the Infrastructure Working Group’s agenda under the Indian Presidency will be the main topic of discussion. The priority for this meeting is “Financing Cities of Tomorrow: Inclusive, Resilient, and Sustainable.
“The theme focuses on various aspects of making cities economic centers for growth, financing urban infrastructure, building future-ready urban infrastructure, directing fiscal investments to unlock private financing for energy-efficient and environmentally sustainable infrastructure, and the reduction of social imbalances.
A High-Level Workshop on “Financing of Cities of Tomorrow” will also take place on the sidelines of the Pune meeting. . The Workshop will discuss relevant themes pertaining to technical and managerial capacity wants to build the Cities of Tomorrow, Investors’ considerations in increasing private financing and the financial capacity needs of Cities of Tomorrow.
A number of Jan-Bhagidari initiatives were undertaken by the Pune Municipal Corporation and other Pune city stakeholders in preparation for the G20 meeting, including lectures on G-20, a seminar on ‘Making Cities Future Ready and Importance of Urban Development’, a G-20 cyclotron, a motorbike rally on National Youth Day, a Swachhata drive, and model G-20 discussions in educational institutions. The initiative’s aim is to ensure that people from all walks of life are involved in the G20 discussions.
The G-20 Infrastructure Working Group will use India’s G-20 Presidency as a forum to discuss the challenges that cities face and the opportunities that cities will bring in the near future. A course that makes cities more liveable will be charted out by them.
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