G20 Seoul Multi-Year Action Plan on Development (Annex II), 11-12 November 2010

Commitments in: Infrastructure - Infrastructure General

“ACTION 1: DEVELOP COMPREHENSIVE INFRASTRUCTURE ACTION PLANS 

We request the regional development banks (RDBs) and the World Bank Group (collectively, multilateral development banks, or MDBs) to work jointly to prepare action plans that increase public, semi-public and private finance and improve implementation of national and regional infrastructure projects, including in energy, transport, communications and water, in developing countries, LICs in particular. The MDBs will pursue actions in the following five areas: 

Information and needs assessment 

• Identify infrastructure gaps, needs and funding requirements, particularly with respect to regional and rural infrastructure, as well as opportunities to promote public-private and semi-public partnerships (June 2011); and 

• Working with developing countries and regional agencies, deliver bankable growth-supporting regional connectivity projects, building on the momentum created by existing initiatives and facilities (e.g., Infrastructure Project Preparation Facility (IPPF), New Partnership for Africa’s Development (NEPAD), African Water Facility (AWF) and Asian Infrastructure Financing Initiative (AIFI)). (November 2011)

Internal practices 

• Identify possible improvements in their lending guidelines, internal policies and practices with a view to overcoming bottlenecks that constrain infrastructure lending, disbursements and the speed of project implementation (June 2011); and 

• Assess the sufficiency of internal resources for project preparation, institutional capacity development and risk mitigation. (June 2011)” 

 
Scope: 
International