people lacked electricity access in 2022 685 million
into PPIAF in April 2024 has significantly strengthened our global reach and capabilities. It has expanded our knowledge resources, allowing PPIAF and the GI Hub to deepen their roles in thought leadership, research and the development of practical solutions for advancing private sector participation in infrastructure. The merger strengthens our global collaborations and stakeholder coordination, including support for the G20 Infrastructure Working Group agenda and participation with the World Bank Group, G20 members, the private sector and other international organisations. More than ever, we need to maximise the impact of every dollar invested in infrastructure. The G20 has led with its Quality Infrastructure Investment Principles, highlighting that infrastructure investment needs to be sustainable, resilient and inclusive, and delivered with economic efficiency and sound governance. The World Bank Group is mainstreaming this approach through the Quality Infrastructure Investment Partnership. BUILDING FOR A SUSTAINABLE AND RESILIENT FUTURE
PPIAF is uniquely positioned as a global facility dedicated to early-stage market and project preparation for quality infrastructure investment. By leveraging our expertise and resources, we work to remove investment barriers and create opportunities to attract private capital where it is needed most. As population growth outstrips the expansion of new energy connections, the global energy access gap is widening. In 2022, 685 million people lacked electricity access, and the world is off track to meet Sustainable Development Goal 7 by 2030. Nonetheless, advances in renewable energy technology, smart grids, storage and connectivity are driving large-scale clean energy investments, particularly in developing countries. PPIAF supported governments by de-risking investments through regulatory and financial incentives, credit enhancements and renewable energy procurement programmes. These efforts enhance market attractiveness for both local and global investors, foster competition and reduce generation and storage costs. Geospatial analysis also identified mini-grids and stand-alone renewable energy systems through concession contracts as the most cost-effective solutions for delivering electricity to remote rural areas. This analysis has culminated in a $190 million project funded by the World Bank’s Fund for the Poorest, along with contributions from donors and private sector co-financing, expected to expand energy access to some 345,000 residents. Integrating climate resilience and sustainability into infrastructure investments is vital. Combating climate change relies heavily on private sector participation in infrastructure, including both mitigation and adaptation. The Climate Toolkits for Infrastructure PPPs, which we developed in collaboration with the International Finance Corporation and Global Infrastructure Facility, help governments identify climate-related risks and opportunities throughout the project lifecycle. These toolkits have been piloted in 20 countries and are widely utilised by partners, including the Global Facility for Disaster Reduction and Recovery. Investments in sustainable infrastructure are essential for tackling the challenges faced by developing countries. By fostering an environment that attracts private sector participation, governments can turn these challenges into opportunities for sustainable growth, delivering lasting benefits to citizens, the economy and the environment. Through international collaboration, we can achieve a more equitable and sustainable future for all.
in infrastructure investment catalysed by PPIAF $ 28 billion
JANE JAMIESON Jane Jamieson is the program manager for the World Bank Group’s Public-Private Infrastructure Advisory Facility and the Quality Infrastructure Investment Partnership. She joined the World Bank Group in 2010 in the International Finance Corporation’s PPP Advisory Services. Previously, she worked at the United Kingdom Department for International Development, where she led the department’s policy and programmes to support private sector participation in infrastructure and served as infrastructure adviser to a range of country programmes in Central Asia, China and Guyana. : www.ppiaf.org and www. worldbank.org/en/programs/ quality-infrastructure-investment- partnership
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2024 — G20 BRAZIL: THE RIO SUMMIT
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