G7 Ise-Shima Principles for Promoting Quality Infrastructure Investment

G7 Ise-Shima Principles for Promoting Quality Infrastructure Investment

Description

The G7 Ise-Shima Principles for Promoting Quality Infrastructure Investment is a set of five principles I was launched in Japan and developed by the G7 for being used at global scale. These principles aim to promote strong, sustainable and balanced growth while enhancing resilience, and contributing to the global efforts for the SDGs.

How It Works

These Ise-Shima principles are intended to be used as a guide to address the existing global demand-supply gap of infrastructure investment by promoting quality infrastructure investment.

Tool Outcome

High-level principles to guide investment in Quality Infrastructure projects.

Sustainability Criteria

  • 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)3.

Additional Information

  • Users of the tool- Investors, Public Authorities
  • Phase when the tool applies- Finance, Prioritization
  • Geographic application- Not specified, Applies globally