Side-event on the Partnership for Global Infrastructure and Investment (Summary)

On May 20, from 5:40 p.m. to 6:23 p.m., Mr. KISHIDA Fumio, Prime Minister of Japan, together with the Honorable Joseph R. Biden, Jr., President of the United States of America, and H. E. Dr. Ursula von der Leyen, President of the European Commission, hosted a side-event on the Partnership for Global Infrastructure and Investment (PGII) on the sidelines of the G7 Hiroshima Summit. The side-event was attended by G7 leaders (Canada, Germany, Italy), representatives of the countries invited to the G7 Summit (Indonesia, Comoros, Cock Islands, Vietnam, Republic of Korea, India and Australia), and participants from the private sector, and the President of the World Bank. The participants from the private sector included Mr. KOKUBU Fumiya, Chairman of the Japan Foreign Trade Council, Inc., Ms. Jane Fraser, Chief Executive Officer, Citi, Mr. Pekka Lundmark, President and CEO of Nokia, and Mr. Adebayo Ogunlesi, Founding Partner, Chairman & Chief Executive Officer, Global Infrastructure Partners.

At the side event, G7 expressed their intention to mobilize private capital for infrastructure investment in partner countries, in collaboration with a wide range of actors. Prime Minister Kishida explained the initiatives of the Partnership for Global Infrastructure and Investment and the projects that Japan has undertaken under the Partnership. He also stated that Japan is delivering infrastructure investment around the world including Asia, Africa and the Pacific to mobilize more than 65 billion USD in infrastructure assistance and private capital over the five years and that Japan will work to further promote quality infrastructure investment.

After the side-event, the fact sheet was issued which describes the progress of the Partnership to date.

[Reference]
(1) Factsheet on the G7 PGII
(2) G7's Flagship Projects of the G7 PGII
(3) Japan's Flagship Projects of the G7 PGII