The G20 has proposed a network linking various
project finance initiatives and market players. Andrew Briggs,
who contributed to the G20 summit publications, explains what
will determine its success
Accelerating investment in infrastructure is a global
priority. At the Brisbane summit last month, the G20 announced
the establishment of a Global Infrastructure Hub (Hub) and
endorsed the World Bank's Global Infrastructure Facility (GIF).
Both of these bodies are intended to provide further impetus
for this acceleration.
The success of these and other similar measures will depend
on the ability of governments and their officials to leverage
the financial and intellectual resources available to them.
Much of that financial resource will need to come from the
private sector. Success, measured in terms of projects
completed in the areas of greatest need, will only be
forthcoming if governments in both emerging and developed
economies demonstrate a transparent pipeline, and the political