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Compendium of Policy Good Practices for Quality Infrastructure Investment
1. COMPENDIUM OF POLICY GOOD PRACTICES
FOR QUALITY INFRASTRUCTURE
INVESTMENT
Timothy Bishop
Directorate for Financial and Enterprise Affairs
OECD
High-level Seminar on Quality Infrastructure Investment, 15-16 December 2020
2. Provide policymakers and
practitioners in developed and
developing economies with an
integrated and multidisciplinary
set good practices to support
quality infrastructure investment
• A policy guidance tool to support
implementation of the G20 Principles
for Quality Infrastructure Investment
• Support for country responses in the
recovery packages involving
infrastructure investment, e.g. G20
Action Plan – Supporting the Global
Economy through the COVID-19
Pandemic
Purpose
3. Compilation, consolidation,
and distillation of OECD
standards and guidance on
quality infrastructure
investment – a unique tool
• More than 340 good practices and
measures
• Drawn from 20 + OECD bodies and
50 + standards and guidance
Content
4. OECD Recommendation on the Governance of Infrastructure
OECD DAC Principles on Blended Finance
G20/OECD High-Level Principles on Long-term Financing by Institutional Investors
G20/OECD Guidance Note on Diversification of Financial Instruments for Infrastructure and SMEs
OECD Policy Framework for Investment
OECD Recommendation on Fighting Bid Rigging in Public Procurement
OECD High Level Principles for Integrity, Transparency and Effective Control of Major Events and Related Infrastructures
OECD Guidelines on Corporate Governance for SOEs
OECD Principles For Private Sector Participation in Infrastructure
OECD Recommendation for the Public Governance of PPP
OECD Guidelines for Multinational Enterprises (and related Guidance on Responsible Business Conduct)
OECD Anti-bribery Convention
OECD Recommendation for Effective Public Investment Across Levels of Government
OECD Recommendation on Public Procurement
OECD Recommendation on Public Integrity
OECD Recommendation on the Governance of Critical Risks
OECD Recommendation on the Assessment of Projects, Plans, and Programmes with Significant Impact on the Environment
OECD Recommendation on Broadband Development
OECD Recommendation on Water including the OECD Principles on Water Governance
Flavour of standards and guidance
5. Origins and process
G20 Principles for
Quality Infrastructure
Investment
OECD Compendium of
Policy Good Practices
for Quality
Infrastructure
Investment
2017 Ministerial
Council meeting
• 26 OECD committees
and subsidiary bodies
• Governing Board of
OECD Development
Centre (includes
majority of G20
countries)
Extensive OECD-
wide consultation
process involving
multiple policy
communities
Welcomed at APEC
Finance Minister Meeting
(September 2020)
Welcomed at 2020 OECD
Ministerial Council Meeting
(October 2020) and launched at
QII Symposium (2 November)
6. One of the main key deliverables of OECD Horizontal
Project on sustainable infrastructure
New OECD
Recommendation
on the Governance
of Infrastructure
(July 2020)
Implementation
Handbook for
Quality
Infrastructure
Investment
(Q1 2021)
Tool to assist governments
to invest in infrastructure
projects in a way that is
cost effective, affordable
and trusted by investors,
citizens and other
stakeholders
Implementation
guidance on delivering
QII in light of key policy
priorities in covid
context, with examples
and case studies
Compendium of
Good Practices
for Quality
Infrastructure
Investment
(October 2020)
Compilation of good
practices across OECD
committees to support the
implementation of QII
See http://www.oecd.org/finance/sustainable-infrastructure.htm
7. Infrastructure
planning
Project
implementation
Project
development
Holistic framework for ensuring infrastructure
contributes to resilient and sustainable economies
Maximizing the
Positive Impact of
Infrastructure to
Achieve
Sustainable
Growth and
Development
Raising
Economic
Efficiency in
View of Life-
cycle Cost
Integrating
Environmental
Considerations in
Infrastructure
Investments
Building
Resilience
Against Natural
Disasters and
Other Risks
Integrating
Social
Considerations
in Infrastructure
Investments
Mobilising
Financing and
Managing
Associated
Liabilities
Strengthening
Infrastructure
Governance
G20 Principles for Quality Infrastructure Investment
Policy and
institutional
environment
8. Expected follow up
• Integration into SOURCE
project preparation platform
• Invitation for inputs from
other IOs and MDBs
• Invitation for inputs from
other emerging market and
developing economies
Compendium as a dynamic tool: Phase II efforts
Further potential work
• Web-based interactive
platform
• Checklist to support use and
implementation
• Capacity building
engagement
• Country reviews
9. Compendium part of broader set of frameworks and
tools for quality infrastructure investment
Examples of Frameworks and guidance
UN Sustainable Development Goals (SDGs) UN
G20 Principles for Quality Infrastructure Investment G20
G20 Compendium of Good Practices for Promoting Integrity and Transparency in Infrastructure Development G20 (with OECD)
G20 Guidelines on Quality Infrastructure for Regional Connectivity G20
Leading Practices on Promoting and Prioritizing Quality Investment, particularly in infrastructure G20
OECD Compendium of Policy Good Practices for QII, and OECD Recommendation on the Governance of Infrastructure OECD
Good Practice Guidance for Sustainable Infrastructure
UNEP SIP
EU Taxonomy for Sustainable Activities
EU
Examples of tools
Public Investment Management Assessment (PIMA) IMF
Reference Tool on Inclusive Infrastructure and Social Equity
GIH
SOURCE MDBs
GRESB Infrastructure Asset Assessment, Global Infrastructure Base Sure Standard, LTIIA ESG Handbook, Equator Principles Private sector
World Bank/PPIAF/EBRD Aligned Infrastructure Sustainability Indicators World Bank / PPIAF /
EBRD