G20-OECD High-level Principles of Long-term Investment Financing by Institutional Investors

16 Nov 2014 - In their Brisbane Summit communiqué, G20 leaders prioritised work to "facilitate long-term financing from institutional investors". Contributions by the G20/OECD Task Force on Institutional Investors and Long-term Financing included:

• Report on Effective Approaches to Support Implementation of the G20/OECD High-level Principles on Long-term Investment Financing by Institutional Investors | Annex

• G20/OECD Checklist on Long-term Investment Financing Strategies and Institutional Investors

• G20/OECD High Level Round Table on Institutional Investors and Long-term Investment, Discussion Summary, Singapore, 4 June 2014

• Private financing and government support to promote long-term investments in infrastructure, OECD report

Background

In February 2013, G20 Finance Ministers and Central Bank Governors encouraged the OECD to develop High-level Principles on Long-Term Investment Financing by Institutional Investors for consideration at the G20 Summit in Saint Petersburg on 5-6 September ‌2013. These high-level principles are intended to help governments facilitate and promote long-term investment by institutional investors, particularly among institutions such as pension funds, insurers and sovereign wealth funds, that typically have long duration liabilities and consequently can consider investments over a long period.

The OECD-led Task Force on Institutional Investors and Long-Term Financing, which is open to G20, FSB, APEC members and relevant international organisations, started work on developing these principles in March 2013. 

The development process involved consultations with relevant stakeholders and the OECD invited comment on the draft text via a publication consultation which took place between 2-24 May 2013. Based on comments received during the public consultation, a further draft was discussed by the Task Force at its meetings on 27 May and 17 June.

G20 Finance Ministers and Central Bank Governors welcomed the Principles at their July 2013 meeting and called on the OECD to identify approaches to their implementation.

G20 Leaders endorsed the Principles at their summit meeting in Saint Petersburg in September ‌2013. Stakeholders are now engaged in ensuring their implementation.

TEXT OF THE PRINCIPLES

G20/OECD High-level Principles of Long-term Investment Financing by Institutional Investors (PDF) 

“The draft [Addis Ababa Accord] stresses the important role of private investment. Investment in sustainable infrastructure for example is recognised as a major cross-cutting driver that can contribute to achieving all the SDGs. In this regard, I welcome the work of the OECD and the G20 on High-level Principles of Long-term Investment Financing by Institutional Investors."

UN Secretary-General Ban Ki-moon
Keynote address at the OECD - 28 April 2015
Full transcript | Live webcast | News release

DOCUMENTS AND LINKS

OECD project on institutional investors and long-term investment

Joint Ministerial Statement by APEC Finance Ministers welcomes the G20/OECD High-Level Principles, 20 September 2013 

G20 leaders endorse new G20/OECD principles on long-term investment financing, 6 September 2013

APEC/OECD Seminar on Infrastructure Financing, 

29 August 2013, Palembang, Indonesia

G20/OECD High-level roundtable on institutional investors and long-term investment, 28 May 2013, Paris