Readout of 2024 Partnership for Global Infrastructure and Investment (PGI) Investor Forum
Readout of 2024 Partnership ...
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Readout of 2024 Partnership for Global Infrastructure and Investment (PGI) Investor Forum

28 September 2024
3567
3 min.
25
Readout of 2024 Partnership for Global Infrastructure and Investment (PGI) Investor Forum

On September 25, National Security Advisor Jake Sullivan hosted a Partnership on Global Infrastructure and Investment (PGI) Investor Forum on the margins of the U.N. General Assembly. He was joined by Deputy Secretary of the Treasury Wally Adeyemo, Senior Advisor to the President for Energy and Investment Amos Hochstein, and World Bank President Ajay Banga, along with ten private sector leaders representing asset managers, debt and equity providers, and infrastructure operators. Collectively, the group represented institutions with trillions of dollars of assets under management and a diversity of financing options to power the most efficient development of sustainable infrastructure in key sectors across the globe.
 
National Security Advisor Jake Sullivan opened the discussion by reaffirming PGI’s importance to America’s national and economic security objectives; highlighting projects in the Indo-Pacific, South America, and Africa that PGI has made possible; and thanking private sector leaders for their partnership in catalyzing $60 billion for infrastructure investments in low- and middle income countries since PGI’s launch.

The group then discussed a range of opportunities to continue public-private collaboration, including:

  • Focusing efforts on a subset of specific countries and sectors where public tools and private capital can drive outsized impact, particularly in climate and digital infrastructure investments (e.g., subsea cables, data centers);
  • Continuing to simplify and streamline access to public capital and the use of bilateral and multilateral risk mitigation tools, such as through the recently launched World Bank Group’s Streamlined Guarantee Platform and by scaling up FX risk mitigation tools;
  • Empowering the U.S. International Development Finance Corporation (DFC) to more effectively deploy public capital in infrastructure investments;
  • Scaling project development initiatives that are being piloted in the Indo-Pacific; and
  • Continuing to improve the integration of U.S. small and medium-sized exporters into PGI infrastructure investments and projects.

As announced by President Biden at the 2023 G7 Summit in Hiroshima, the PGI Investor Forum aims to further strengthen partnership with the private sector in order to realize U.S. PGI’s collective goal of mobilizing $200 billion by 2027 for sustainable, global infrastructure investments.

Participants at the Investor Forum event included:

Public Sector Participants:

  • Jake Sullivan, National Security Advisor
  • Adewale Adeyemo, Deputy Secretary of the Treasury
  • Amos Hochstein, Senior Advisor to the President for Energy and Investment
  • Ajay Banga, President, World Bank President

Private Sector Participants:

Persons14 and Companies11 in the news

American economist and businessman aand founder of I Squared Capital
1 place
Nigerian lawyer and investment banker
2 place
American billionaire businessman
3 place
American billionaire businessman
4 place
Canadian economist
5 place
Deputy Assistant to the President and Senior Adviser for Energy and Investment under U.S. President Joe Biden
6 place
President and Chief Operating Officer of JPMorgan Chase
7 place
United States deputy secretary of the treasury
8 place
Director at Netflix
9 place
Chief financial officer at Alphabet
10 place
Chief Executive Officer of BlackRock
11 place
National Security Advisor to the Vice President of the United States
12 place
Chief Executive Officer of Macquarie
13 place
President and CEO
14 place
TPG Capital
3 place
BlackRock
5 place
Macquarie
6 place
Blackstone
8 place
Microsoft
9 place
JP Morgan Chase
11 place

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Alena Potapova

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