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The Ministry of Finance (MoF) participated in G20 Finance Track’s first Infrastructure Working Group (IWG) meeting, which was held virtually on 20 and 21 January 2022. The meeting, which is held for the first time under the Indonesian Presidency, discussed the IWG work plan for 2022.Mr. Ali Sharafi, Director of the Budget Department at MoF, and Amna Hassan Al Shamsi, Head of Policies, Regulations and Procedures at MoF, participated in the meeting.The meeting deliberated the overall proposed direction of the IWG for 2022, including the suggested work plan and reports, which the group will deliver during this year. It also focused on the importance of partnerships with the private sector, and explored ways to scale up infrastructure financing and the means to attract investments from the private sectorThe IWG members explored the importance of enhancing access to infrastructure investments. They also discussed ways for policy makers to ensure fair and even access to infrastructure within their jurisdictions. Additionally, members stressed on the need for increasing investments in digital infrastructure and explored ways to enhance the utilisation of technology in building infrastructure. The UAE proposed developing indicators that support investment in sustainable infrastructure, so that countries can monitor and evaluate progress towards social inclusion goals in infrastructure development. The UAE also offered to share its experience with G20 members in integrating technology with infrastructure development and improving overall quality of life standards.At the end of the meeting, the participating members and international organisations agreed on G20 action plan for 2022, and updates on the plan will be discussed in the next meeting, which will be held in March 2022.
