G7 Ise-Shima Principles for Promoting Quality Infrastructure Investment
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The G7 Ise-Shima Principles for Promoting Quality Infrastructure Investment are a set of five principles covering governance, economic, social and environmental impacts, alignment with economic development and effective resource mobilization. Serving as self-commitment for the G7 and as a guide for further governments, international organizations, MDBs and the private sector, the high-level principles aim to promote strong, sustainable and balanced growth and to address the existing global demand-supply gap of infrastructure investments while enhancing resilience, and contributing to the global efforts for the SDGs.
The G7 Ise Shima Principles are a self-commitment of the G7 to align their infrastructure investments to quality infrastructure. The high-level principles furthermore serve as a guide to encourage other governments, international organizations, MDBs and the private sector to do likewise.
The 5 quality principles are:
– Principle 1: Ensuring effective governance, reliable operation, and economic efficiency in view of life-cycle cost, as well as safety and resilience against natural disaster, terrorism, and cyber-attack risks
– Principle 2: Ensuring job creation, capacity building, and transfer of expertise and know-how for local communities
– Principle 3: Addressing social and environmental impacts
– Principle 4: Ensuring alignment with economic and development strategies, including aspects of climate change and environment at the national and regional levels
– Principle 5: Enhancing effective resource mobilization including through Public-Private Partnerships (PPPs)