BRICS INFRASTRUCTURE INVESTMENT SYMPOSIUM

28 September & 29 September 2023

12:00 – 16:30 (SAST)

OVERVIEW

South Africa successfully hosted the 15th BRICS Summit from 22 – 24 August 2023 under the theme ‘BRICS and Africa partnership for mutually accelerated growth, sustainable development and inclusive multilateralism’. Since its inception, the BRICS bloc has set a remarkable record of accomplishments, including the establishment of the Task Force on PPP and Infrastructure. The Task Force on PPP and Infrastructure was established during the South African Presidency in 2018 to advance an infrastructure agenda and has successfully enabled member countries to share insights, best practices and lessons learnt related to infrastructure.

Under South Africa’s 2023 Presidency, the BRICS Task Force on PPP and Infrastructure is supporting the BRICS partnership by exploring ways to fast-track infrastructure development and delivery through greater private-sector participation, the adoption of approaches that will expedite the execution of infrastructure and promote the transition towards a more resilient and sustainable economic development.

INFRASTRUCTURE INVESTMENT SYMPOSIUM

The Global Infrastructure Hub forecasts the need for infrastructure investments to reach US$94 trillion by 2040, with a further US$3.5 trillion required to meet the Sustainable Development Goals. At currently projected investment levels, the financing gap is projected to reach US$18 trillion by 2040. Emerging markets account for nearly two-thirds of the financing gap, with BRICS countries constituting about one-third of this requirement collectively. However, the investment need is manageable in the context of global savings and other large financing markets. The Organisation for Economic Co-operation and Development (OECD) estimates that US$80 trillion of long-term investor asset base can be unlocked for infrastructure development. Thus, the need for scale, innovation and sustainability in advancing infrastructure investments.

The Infrastructure Investment Symposium seeks to foster mutual exchange, knowledge sharing, and collaborative discourse. The central focus is to explore strategies that promote the expedient development and delivery of public infrastructure, leveraging greater private sector participation and advancing the use of green, transition and sustainable finance.

The gathering will bring together senior officials from BRICS governments including members of the BRICS Task Force and infrastructure practitioners, regulators, policy specialists and sponsors, amongst others. Further, industry experts, academics and senior representatives from Multilateral Development Banks and Development Finance Institutions amongst other stakeholders are invited to attend.

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AGENDA