Financing Infrastructure Investments for Local Communities - Gelsomina Vigliotti
Gelsomina Vigliotti - Director-General for International Financial Relations, Department of the Treasury, Ministry of Economy and Finance. The Istituto Affari Internazionali is pleased to announce the second Infrastructure Working Group workshop under the Italian G20 Presidency on local infrastructure. As the world gradually recovers from the pandemic crisis, most governments are designing strategies to revive long term growth. A key success factor will be the capacity to restart and reorient infrastructure investments. In this context, investments in local infrastructures are particularly important because social needs, work habits and production patterns have been greatly affected by the Covid-19 pandemic, whose impact has been more severe on urban areas, the informal sector and marginalized groups, especially in developing countries. Investments in local infrastructures will therefore be crucial to address the short-term need to sustain recovery while addressing long standing problems posed by climate change and social exclusion.