Infrastructure Forum Explores Technology’s Role in Sustainability, Accessibility, Resilience
Asia-Pacific, Built Environment, Disaster, Universal Design, October 30 2018
BALI, INDONESIA: The heads of multilateral development banks (MDBs) and international institutions gathered for the 2018 Global Infrastructure Forum (GIF 2018) to consider the role of technology plays in shaping infrastructure that is sustainable, accessible and resilient. They also committed to enhancing support for capacity building for infrastructure public-private partnerships (PPPs).
Held under the theme ‘Unlocking Inclusive, Resilient, and Sustainable Technology-Driven Infrastructure,’ GIF 2018 took place on 13 October 2018, in Bali, Indonesia. The Forum brought together private sector investors, UN representatives, and leaders from the African Development Bank (AfDB), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), European Bank for Reconstruction and Development (EBRD), European Investment Bank(EIB), Inter-American Development Bank (IDB), International Finance Corporation (IFC), Islamic Development Bank (IsDB), New Development Bank (NDB), and the World Bank.
Beyond the role of technology in achieving sustainable infrastructure, the 2018 GIF focused on: how technology can support infrastructure to reach the “last mile”; the role of governance in scaling up sustainable infrastructure; the role of MDBs in catalyzing private finance; and development and innovation in finance modalities (including risk mitigation instruments) for sustainable infrastructure. The Forum’s outcome document notes that in line with their commitments under the ‘Billions to Trillions Agenda,’ the MDBs are increasingly devoting annual funding resources to support sustainable infrastructure investments that accelerate the transition to low-carbon growth and climate-resilient economies. In order to crowd in private investment, the text notes, it is vital to: reduce investor risk perceptions by bridging infrastructure data gaps; engage with regulators to create an enabling environment; and tap into institutional investment.
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