Compendium of Policy Good Practices for Quality Infrastructure Investment
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The document outlines a compendium of good practices for quality infrastructure investment aimed at supporting policymakers in both developed and developing economies. It consolidates over 340 practices from various OECD bodies to guide the implementation of G20 principles, with a focus on promoting sustainable and resilient infrastructure projects. The initiative includes extensive consultation and aims to assist governments in making effective infrastructure investments amid challenges such as the COVID-19 pandemic.
Compendium of Policy Good Practices for Quality Infrastructure Investment
- 1. COMPENDIUM OF POLICY GOOD PRACTICES FOR QUALITY INFRASTRUCTURE INVESTMENT Timothy Bishop Directorate for Financial and Enterprise Affairs OECD High-level Seminar on Quality Infrastructure Investment, 15-16 December 2020
- 2. Provide policymakers and practitioners in developed and developing economies with an integrated and multidisciplinary set good practices to support quality infrastructure investment • A policy guidance tool to support implementation of the G20 Principles for Quality Infrastructure Investment • Support for country responses in the recovery packages involving infrastructure investment, e.g. G20 Action Plan – Supporting the Global Economy through the COVID-19 Pandemic Purpose
- 3. Compilation, consolidation, and distillation of OECD standards and guidance on quality infrastructure investment – a unique tool • More than 340 good practices and measures • Drawn from 20 + OECD bodies and 50 + standards and guidance Content
- 4. OECD Recommendation on the Governance of Infrastructure OECD DAC Principles on Blended Finance G20/OECD High-Level Principles on Long-term Financing by Institutional Investors G20/OECD Guidance Note on Diversification of Financial Instruments for Infrastructure and SMEs OECD Policy Framework for Investment OECD Recommendation on Fighting Bid Rigging in Public Procurement OECD High Level Principles for Integrity, Transparency and Effective Control of Major Events and Related Infrastructures OECD Guidelines on Corporate Governance for SOEs OECD Principles For Private Sector Participation in Infrastructure OECD Recommendation for the Public Governance of PPP OECD Guidelines for Multinational Enterprises (and related Guidance on Responsible Business Conduct) OECD Anti-bribery Convention OECD Recommendation for Effective Public Investment Across Levels of Government OECD Recommendation on Public Procurement OECD Recommendation on Public Integrity OECD Recommendation on the Governance of Critical Risks OECD Recommendation on the Assessment of Projects, Plans, and Programmes with Significant Impact on the Environment OECD Recommendation on Broadband Development OECD Recommendation on Water including the OECD Principles on Water Governance Flavour of standards and guidance
- 5. Origins and process G20 Principles for Quality Infrastructure Investment OECD Compendium of Policy Good Practices for Quality Infrastructure Investment 2017 Ministerial Council meeting • 26 OECD committees and subsidiary bodies • Governing Board of OECD Development Centre (includes majority of G20 countries) Extensive OECD- wide consultation process involving multiple policy communities Welcomed at APEC Finance Minister Meeting (September 2020) Welcomed at 2020 OECD Ministerial Council Meeting (October 2020) and launched at QII Symposium (2 November)
- 6. One of the main key deliverables of OECD Horizontal Project on sustainable infrastructure New OECD Recommendation on the Governance of Infrastructure (July 2020) Implementation Handbook for Quality Infrastructure Investment (Q1 2021) Tool to assist governments to invest in infrastructure projects in a way that is cost effective, affordable and trusted by investors, citizens and other stakeholders Implementation guidance on delivering QII in light of key policy priorities in covid context, with examples and case studies Compendium of Good Practices for Quality Infrastructure Investment (October 2020) Compilation of good practices across OECD committees to support the implementation of QII See http://www.oecd.org/finance/sustainable-infrastructure.htm
- 7. Infrastructure planning Project implementation Project development Holistic framework for ensuring infrastructure contributes to resilient and sustainable economies Maximizing the Positive Impact of Infrastructure to Achieve Sustainable Growth and Development Raising Economic Efficiency in View of Life- cycle Cost Integrating Environmental Considerations in Infrastructure Investments Building Resilience Against Natural Disasters and Other Risks Integrating Social Considerations in Infrastructure Investments Mobilising Financing and Managing Associated Liabilities Strengthening Infrastructure Governance G20 Principles for Quality Infrastructure Investment Policy and institutional environment
- 8. Expected follow up • Integration into SOURCE project preparation platform • Invitation for inputs from other IOs and MDBs • Invitation for inputs from other emerging market and developing economies Compendium as a dynamic tool: Phase II efforts Further potential work • Web-based interactive platform • Checklist to support use and implementation • Capacity building engagement • Country reviews
- 9. Compendium part of broader set of frameworks and tools for quality infrastructure investment Examples of Frameworks and guidance UN Sustainable Development Goals (SDGs) UN G20 Principles for Quality Infrastructure Investment G20 G20 Compendium of Good Practices for Promoting Integrity and Transparency in Infrastructure Development G20 (with OECD) G20 Guidelines on Quality Infrastructure for Regional Connectivity G20 Leading Practices on Promoting and Prioritizing Quality Investment, particularly in infrastructure G20 OECD Compendium of Policy Good Practices for QII, and OECD Recommendation on the Governance of Infrastructure OECD Good Practice Guidance for Sustainable Infrastructure UNEP SIP EU Taxonomy for Sustainable Activities EU Examples of tools Public Investment Management Assessment (PIMA) IMF Reference Tool on Inclusive Infrastructure and Social Equity GIH SOURCE MDBs GRESB Infrastructure Asset Assessment, Global Infrastructure Base Sure Standard, LTIIA ESG Handbook, Equator Principles Private sector World Bank/PPIAF/EBRD Aligned Infrastructure Sustainability Indicators World Bank / PPIAF / EBRD
- 10. Contacts: • Timothy Bishop (timothy.bishop@oecd.org) • Juan Garin (juan.garin@oecd.org) Thank you