After two days of working sessions, the meeting ended today. Progress was made on promoting private investment in infrastructure.
The meeting, which was held on the margins of the International Monetary Fund (IMF) and the World Bank annual meetings, was chaired by the Minister of Treasury Nicolás Dujovne and the Second Vice-president of the Argentine Central Bank Verónica Rappoport. Finance Ministers and Central Bank Governors discussed about infrastructure financing, the Compact with Africa initiative and the agenda on financial inclusion.
Infrastructure for development is one of the priorities defined by the Argentine G20 presidency and there has been progress on this subject throughout the year. Infrastructure is important for growth and the reduction of inequalities. However, there is still an important gap in infrastructure financing and the public sector resources are not enough to cover it. Argentina’s agenda looks at developing infrastructure as an asset class.
The officials also analyzed the Compact with Africa initiative, which was launched under the 2017 G20 to promote private investment in the African continent. 12 African countries have already adopted the initiative and the results are very positive in this first stage.
Finally, Finance Ministers and Central Bank Governors talked about financial inclusion. They analyzed different alternatives. Financial inclusion is very important to promote economic growth, financial stability and the reduction of inequalities.
The meeting ended with a press conference of the Minister of Treasury, Nicolás Dujovne, and the Second Vice-president of the Argentine Central Bank, Verónica Rappoport. They spoke about the main topics of discussion and underscored the progress made so far in different areas.