Islamabad(PR):\u201cWe have had great engagement and participation from task force members this year,\u201d said Hans-Paul B\u00fcrkner, chairman of the Boston Consulting Group, when speaking about this year\u2019s Business 20, or B20 summit.
\n\u201cWe have seen encouraging signs through the G20 Finance Ministers and Central Bankers’ communique as well as on the sidelines of the July G20 Trade Ministers meeting and look forward to a successful Hangzhou Summit in September,\u201d he noted.
\nAccording to People\u2019s Daily report, Hans-Paul said the infrastructure task force has been lucky to have the privilege of interacting more closely with G20 working groups and presenting at G20 ministers’ meetings, which he said has helped the B20 become more closely aligned with the overall G20 agenda, get input on key emerging ideas from the B20 and ultimately better support itsG20 counterparts.
\n\u201cChinese companies and business leaders have been very active this year. We have received strong leadership from the task force chair, as well as support from dedicated Sinomach, Sinopec, SPIC and State Grid working teams,\u201d B\u00fcrkner said in an interview to People\u2019s Daily, when speaking about the role of Chinese companies in developing the B20 Infrastructure task force\u2019s policy recommendations.
\n\u201cAs China plays an increasingly important role in the global economy, we believe the increasing involvement of Chinese companies is an important trend for the future in infrastructure and other topics,\u201d he added.
\nAccording to People\u2019s Daily report, B\u00fcrkner stressed the importance of five recommendations put forward by thetaskforce, saying that the recommendations \u201creinforce the fundamentally critical \u2018evergreen\u2019 B20 actions from previous years,\u201d and \u201cidentify new opportunities.\u201d
\n\u201cIf implemented, these five recommendations could generate more than $2 trillion in economic activity every year and create more than 30 million additional jobs across the G20 economies,\u201d he noted.
\nB\u00fcrkner particularly emphasized the first two recommendations \u2013 increasing and accelerating the pipeline for high-quality bankable projects; and the need to develop conducive regulations, deploy asset-monetization strategies and promote the creation of financial instruments necessary to unlock long-term investments in infrastructure. He said the first two recommendations representthe most important infrastructure challenges facing the business community today. He also said he is interested in seeing how the global community will start embracing the promise of a digital revolution in the infrastructure industry.
\n\u201cGovernments need a comprehensive strategy owned by the highest decision makers,\u201d B\u00fcrkner said.
\nIn addition, B\u00fcrkner explained that their policy paper also goes into details about the need to improve the way greenfield projects are identified, prioritized, and prepared. He noted that there are significant opportunities for the organizations that own, plan and operate infrastructure assets (such as transport agencies) to be more agile, identify and implement targeted IT systems, optimize procurement procedures, better manage asset life-cycles, accelerate the delivery of high-priority projects and leverage big data and analytics.
\n\u201cOnly then can governments begin to efficiently and effectively accelerate and increase bankable project pipelines, create conducive regulatory requirements to de-risk infrastructure projects, reap the benefits from brownfield asset monetization and foster digital technology,\u201dB\u00fcrkner said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad(PR):\u201cWe have had great engagement and participation from task force members this year,\u201d said Hans-Paul B\u00fcrkner, chairman of the Boston Consulting Group, when speaking about this year\u2019s Business 20, or B20 summit. \u201cWe have seen encouraging signs through the G20 Finance Ministers and Central Bankers’ communique as well as on the sidelines of the July […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2248","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n