02/11/2020 - Billions of people worldwide still lack access to the most basic infrastructure – whether it be clean energy and water, healthcare services or digital telecommunications. Quality infrastructure investments that are aligned with long-term development goals, implemented through appropriate delivery mechanisms, and managed transparently and efficiently over their life cycle can contribute to eliminating these gaps, and thereby catalyse economic development and enable progress towards achieving the sustainable development goals (SDGs).
Quality infrastructure investment has a particularly crucial role to play in the recovery from the COVID crisis. With governments under intense fiscal pressure, infrastructure investment must deliver the greatest possible positive impact at the lowest economic, financial, environmental and social cost.
Launched at the Symposium on Quality Infrastructure Investment on 2 November 2020, the OECD Compendium of Policy Good Practices for Quality Infrastructure Investment provides a unique set of integrated and multidisciplinary good practices that policymakers and practitioners in both developed and developing economies can use on a voluntary basis. These good practices promote a shared understanding of the elements needed to support quality infrastructure investments in alignment with the G20 Principles for Quality Infrastructure Investment which were endorsed by G20 Leaders during the Japanese G20 presidency in 2019. The Compendium is a key deliverable of the OECD’s Horizontal Project on “Strategic Policies for Sustainable Infrastructure”.
Through bringing together more than 340 good practices and measures drawn from over 50 OECD standards and other guidance developed across more than 20 substantive committees and their subsidiary bodies, the Compendium provides a valuable tool and a unique global reference for countries seeking to develop quality and sustainable infrastructure. It is particularly relevant for developing and emerging economies where significant infrastructure investment is expected to take place in the coming years.
Further, the Compendium provides a timely guide for developing infrastructure that supports a strong, resilient, inclusive and green recovery from the COVID-19 crisis. It also offers guidance on making infrastructure more resilient to natural disasters and other threats such as pandemics. The Compendium was welcomed by OECD Ministers at their Ministerial Council Meeting on 28-29 October 2020.