6/9/2013 - G20 Leaders today endorsed a new global initiative to encourage the flow of institutional investment towards longer-term assets, such as infrastructure and renewable energy projects, in order to strengthen the global economy and deliver more sustainable growth. Read more
G20 leaders have highlighted the importance of long-term financing, focusing on infrastructure investment, to foster long-term growth. The OECD, within the framework of its project on Institutional Investors and Long-Term Investment, is participating in this work.
The OECD-G20 Mexican Presidency Seminar on Green Growth held in Paris on 22 May 2012 included a session on institutional investment and infrastructure. This led to the drafting of a G20/OECD Policy Note on Pension Fund Financing for Green Infrastructure and Initiatives for the G20 Los Cabos summit in June 2012.
The OECD report on the Role of Banks, Equity Markets and Institutional Investors in Long-Term Financing for Growth and Development was presented at the G20 Finance Ministers and Central Bank Governors meeting in Moscow on 15-16 February 2013. At this meeting, G20 leaders agreed to establish a Study Group on Financing for Investment with the co-operation of international organisations. The Study Group will analyse obstacles and limitations delaying long-term financing and determine a work plan for the G20, making use of the findings in this report.
Prepared by an OECD Taskforce working together with G20 members, the G20/OECD High-Level Principles on Long-Term Investment Financing by Institutional Investors were endorsed at the G20 Saint Petersburg Summit in September 2013. G20 Leaders called on the OECD and other interested participants to identify approaches to their implementation by the next Summit.
The OECD prepared a Survey of Large Pension Funds and Public Pension Reserve Funds Investments, which was presented at the G20 Finance Ministers and Central Bank Governors meeting in Washington on 10-11 October 2013. The survey is designed to illuminate the role that large institutional investors can play in providing a source of stable long-term capital, consistent with the objectives and directions as set down in the February 2013 communiqué from G20 Finance Ministers and Central Bank Governors.
The G20 also asked the OECD and other relevant international organisations to provide an analysis of government and market-based intruments and incentives for stimulating the financing of long-term investment.
DOCUMENTS AND LINKS
Annual Survey of Large Pension Funds 2012 (pdf), October 2013
Angel Gurría speaks to G20 Leaders at their summit in Washington DC, 11 October 2013
G20/OECD High-level Principles of Long-term Investment Financing by Institutional Investors (pdf)
The role of banks, equity markets and institutional investors in long-term financing for growth and development
Policy note on pension fund financing for green infrastructure and initiatives
G20-OECD High-level roundtable on institutional investors and long-term investment, Paris, 28 May 2013
G20 declaration - St. Petersburg,
6 September 2013
G20 communiqué - Moscow,
16 February 2013
G20 communiqué - Mexico City,
5 November 2012