"As development challenges are mounting – from high debt levels and climate change to geopolitical tensions and a lack of food, water and energy security – the DWG stands out as a critical platform for advancing a shared development agenda grounded in equity, resilience and sustainability."
"In light of high public debt and fiscal pressures, we recognise the need to raise long-term growth potential by pursuing growth-oriented macroeconomic policies, while building fiscal buffers, ensuring fiscal sustainability, encouraging public and private investments and undertaking productivity-enhancing reforms."
This G20 Practice Guide is a deliverable of the G20 Infrastructure Working Group (IWG) scheduled for 2025, aiming to bolster pipeline development.
"The need for global cooperation is as clear today as it was 15 years ago: not just to prevent crises, but because ultimately a resilient system allows the efficient allocation of capital, enabling the G20 to focus on sustainable growth."
"We are meeting at a moment of ongoing uncertainty in the global economy. While there are signs of resilience in some areas, various challenges remain: uneven growth trajectories, elevated debt levels, persistent inflationary pressures, and the complex implications of tightening financial conditions."
"Our discussions over the coming days are paramount. They provide a vital opportunity to refine our objectives, ensuring that the Working Groups’ priorities are robust, inclusive, and truly reflect the collective aspirations of the G20."
This G20 Note describes debt treatment steps under the non-binding Common Framework, based on initial country cases. It outlines the negotiation process between debtor countries and official creditors, reflecting a shared understanding among G20 and Paris Club countries.
The Working Group's Note reviews recent progress in the Common Framework and efforts to enhance it, based on the G20 Note on Lessons learned from the first cases of the Framework in October 2024.
