South Africa successfully hosted the fifteenth 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 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 ensure effective and expedient execution of infrastructure and promoting the transition towards a more resilient and sustainable economic development.
To advance its agenda, the Task Force will be hosting an Infrastructure Investment Symposium on 28 and 29 September 2023.
The purpose is to exchange knowledge and foster a collaborative discourse on issues related to the promotion of greater private sector participation in public infrastructure development and delivery in support of economic growth and development. In addition, the Symposium will discuss ways to advance the use of green, transition and sustainable finance in public infrastructure investments. Ultimately, the Symposium seeks to contribute towards the stimulation of infrastructure investments which are at the core of human, social, environmental, and economic development, where scale, innovation and sustainability are critical elements to consider in advancing the BRICS countries’ infrastructure agenda.
The Symposium will be delivered virtually over two (2) days, spanning four (4) hours on each day. The gathering will convene senior officials from BRICS governments, industry experts, academics, and senior representatives from Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs), amongst other key stakeholders.