Partnership for Global Infrastructure and Investment at the G7 Summit
Leaders affirmed their commitment to identify new opportunities to scale the Partnership for Global Infrastructure and Investment (PGII) at the 2023 G7 Summit in Hiroshima, Japan.
According to The White House, during the Summit, G7 Leaders were joined by leaders and senior officials of Australia, Comoros, Cook Islands, India, Indonesia, Vietnam, the Republic of Korea, and the World Bank. They were also joined by private sector executives of Citi, Global Infrastructure Partners, Japan Foreign Trade Council, and Nokia to reaffirm their commitment to opening a serious, sustainable channel for unlocking public and private capital for these projects in the developing world.
Together, they identified methods to further mobilize infrastructure investment, with a particular focus on leveraging private capital to maximize the project pipeline. The leaders also showcased how PGII is connecting and catalyzing like-minded countries, the private sector, multilateral development banks, and development finance institutions to drive investment in quality global infrastructure.
