Brasília – The G20 summit will be held next week, in Australia, with the attendance of heads of states from the 20 leading global economies. According to the secretary of International Affairs of the Brazilian Ministry of Finance, Carlos Cozendey, subjects such as infrastructure, financial regulation and taxation which have been discussed throughout the year elsewhere by the countries’ officials, should have their outcome presented at the meeting.
Brazil’s efforts to increase investments in infrastructure should be one of the main points presented by president Dilma Rousseff on November 15th and 16th. The perspective is that progress will be made in creating a global initiative to systematize projects by several countries and “sell them” to interested private investors.
“The G20 is working on developing mechanisms to help investors find projects and vice versa. Thus, a global infrastructure initiative will be launched, with several competitors,” Cozendey told journalists this Friday (7th) at government seat Palácio do Planalto. He said the initiative may entail the creation of a database of projects investors can access and purchase.
To leverage the initiative, Australia is proposing the establishment of an international secretariat within G20 to coordinate the different institutions. The final draft of this institution should be approved during the summit. The secretariat is expected to operate on a temporary basis, at first for four years.
*Translated by Rodrigo Mendonça
