Organisation for Economic Co-operation and Development

C/MIN(2024)9
Unclassified

English - Or. English
20 April 2024

COUNCIL

Meeting of the Council at Ministerial Level, 2-3 May 2024

A HIGH-LEVEL APPROACH TO ENHANCE AND BETTER INTEGRATE
OECD WORK ON INFRASTRUCTURE

JT03542078
OFDE

This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory,
to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

2  C/MIN(2024)91.
Quality infrastructure is a driver of productivity, socio-economic prosperity and strong,balanced and inclusive growth and sustainable development.1 However, sufficient investment inthis critical asset remains a persistent and ongoing challenge.
2.
This note sets out a high-level approach to enhance and better integrate OECD work on
infrastructure in areas such as data collection, analysis, identification of good practices and policy
advice. The note also presents the foundations for a more ambitious approach to OECD work on
infrastructure in a future second phase.
An urgent need to narrow the global infrastructure investment gap in alignment with
global policy objectives
3.
The gap between current levels of infrastructure investment and the level needed toachieve the Sustainable Development Goals (SDGs) is expected to grow to as much as USD 18
trillion cumulatively by 2040.2 For Africa, the SDG infrastructure investment gap has been
estimated at USD 170 billion annually, partly as a result of increasing infrastructure demand due
to rapid urbanisation. This represents 6-7% of the continent’s GDP.3 For Latin America, the gap
is estimated at around USD 270 billion per year, roughly 3% of the region’s GDP.4
4.
The investment gap has profound implications for the achievement of SDGs, given its
importance for growth, development, well-being, quality of life and indeed all aspects ofeconomic and social activity. From a development perspective, the widening infrastructure gap isof particular concern. A total of 80% of infrastructure projects in Africa, for example, do not
progress past the planning stage,5 with implementation challenges throughout the project
development cycle.6 This highlights the need for enhanced collaboration and engagement on
infrastructure investment with emerging and developing countries, including through OECDinitiatives such as the African Union Commission (AUC)-OECD African Virtual Investment
Platform (AfVIP), as well as through the OECD-hosted Paris Pact for People and Planet (4P) Joint
Working Committee.
5.
Investment in sustainable infrastructure is needed in both OECD and non-OECD
Members. It constitutes a critical pathway toward a fair and inclusive transition to net-zero, whilestrengthening resilience to the impacts of climate change that are already locked-in, andaddressing biodiversity loss and pollution. As the various stages of the infrastructure life cycle are
estimated to account for 79% of total greenhouse gas emissions (GHG),7 an unprecedented
1 Throughout this document, the term “infrastructure” refers to different components of economic and social infrastructure outlined

in: OECD (2021), Defining Infrastructure, pp. 11-13, SDD/CSSP/WPNA(2021)1/REV1.
2 Global Infrastructure Hub & Oxford Economics (2017), Global Infrastructure Outlook. Infrastructure investment needs,
50 countries, 7 sectors to 2040, https://outlook.gihub.org/.
3
OECD/ACET (2020), Quality Infrastructure in 21st Century Africa: Prioritising, Accelerating and Scaling Up in the Context ofPIDA (2021-30)). Regional integration initiatives in Africa such as the Regional Economic Communities (REC) and the African
Continental Free Trade Area (AfCTA) could also play an important role in driving infrastructure demand in the continent.
4
IDB (2021) The Infrastructure Gap in Latin America and the Caribbean: Investment Needed Through 2030 to Meet the
Sustainable Development Goals.
5 OECD/ACET (2020), Quality Infrastructure in 21st Century Africa: Prioritising, Accelerating and Scaling Up in the Context ofPIDA (2021-30).
6 IMF (2020), Well spent: How strong infrastructure governance can end waste in public investment.
7 These stages include the emissions embodied in infrastructure construction materials such as cement and steel; the energy
required to transport materials and workers to building sites (sometimes from other parts of the world); operation of the asset itself;

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C/MIN(2024)9  3transition, upgrading and adaptation of existing infrastructure systems is needed. Thistransformation could help drive improvements in the quality of future investments ininfrastructure, limiting disruptions and their associated social and economic costs – in light ofclimate variability and extreme climate events and addressing pressures of infrastructuredevelopment on biodiversity loss. Sub-national governments will have a key role in addressingthese transitions, accounting for 60% of public investment in infrastructure in G20 members andmanaging many local infrastructure assets.8
6.
At a time of growing pressure on government budgets, public investment cannot bridge
the infrastructure investment gap alone. Policymakers are therefore increasingly looking tofacilitate infrastructure financing by institutional investors. There is significant room for growth:
the OECD analysed USD 10.6 trillion of investment holdings by large private and public pension
funds in 2021 and found that investments in infrastructure (in the form of unlisted equity, listed
equity and debt) represented only USD 211.8 billion or 2% of total assets under management.9
Pension funds also report low levels of investment in emerging markets and most institutional
investments remaining in home or regional markets.10 In response to this, there has been a strong
push to develop infrastructure as an asset class,11 and enable more institutional investment to takeplace.
7.
In parallel, there has been a growing recognition that it is not just the amount of
infrastructure investment that counts, but also the quality of that investment. The Paris Agreement(2015) and the G7 Ise-Shima Principles for Promoting Quality Infrastructure Investment (2016)
recognise the need to increase the economic efficiency of infrastructure assets over their lifespan,
while integrating social and environmental considerations, including building resilient
infrastructure compatible with a net-zero emission future. These policy priorities were also set out
in the G20 Principles for Quality Infrastructure Investment (QII Principles), developed with thesupport of the OECD in 2019, which have been recognised internationally. The QII Principles
reflect the need to integrate environmental, social and governance considerations in thedevelopment and operations of infrastructure, including women’s economic empowerment,
responsible business conduct, fiscal and financial transparency - both with respect to project-leveland macro-level debts, preserving the sustainability of public finances, raising economic
efficiency in view of life-cycle costs and building resilience against natural disasters and otherrisks, including human-made risks.12 As a result, a number of initiatives and tools are being
advanced at the international level to promote the development of quality and sustainableinfrastructure (see Box 1).

and finally, the use of equipment required for its maintenance and eventual decommissioning. See Thacker S, Adshead D, Fantini
C, Palmer R, Ghosal R, Adeoti T, Morgan G, Stratton-Short S. (2021). Infrastructure for climate action. UNOPS, Copenhagen,Denmark, https://content.unops.org/publications/Infrastructure-for-climate-action_EN.pdf.
8 OECD (2019), OECD Regional Outlook 2019: Leveraging Megatrends for Cities and Rural Areas, OECD Publishing, Paris.
https://doi.org/10.1787/9789264312838-en.
9 OECD (2022), Long-term investing of large pension funds and public pension reserve funds, OECD Publishing, Paris, pp. 5 &29. https://doi.org/10.1787/809eff56-en.
10 Ibid.
11 Paragraph 10 of G20 Buenos Aires Leaders’ Declaration: Building Consensus for Fair and Sustainable Development (2018):
http://www.g20.utoronto.ca/2018/buenos_aires_leaders_declaration.pdf
12 Paragraph 13 of G20 Osaka Leaders’ Declaration: (2019)https://www.mofa.go.jp/policy/economy/g20_summit/osaka19/en/documents/final_g20_osaka_leaders_declaration.html.

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Box 1. Examples of non-OECD multilateral initiatives and tools to promote thedevelopment of quality and sustainable infrastructure highlighted by OECD Members*
•
•
•
•
•
•
•
•
•
•
•
•
•

Partnership for Global Infrastructure Investment (G7)Global Gateway Strategy
Global Infrastructure Facility
Multilateral Development Banks – Infrastructure Cooperation Platform
Global Emerging Markets Risk Database (GEMs)
UNEP Sustainable Infrastructure Partnership
FAST-Infra Sustainable Infrastructure LabelBlue Dot Network**
PIDA Quality Label of the African Union
SOURCE
Private Infrastructure Development Group (PIDG)PPP Fiscal Risk Assessment Model (PFRAM)
Debt Management and Financial Analysis System* The HLA would also seek to enhance collaboration with these initiatives through information exchange and cross-participation to support

the sharing of good practices.
** The BDN aims to build on existing international standards and frameworks, including OECD standards and initiatives, that are relevant
for quality infrastructure investment and operationalise the G20 Principles for Quality Infrastructure Investment (QII) at the project level,
while ensuring coherence with other standards and initiatives.

8.
Policy makers are increasingly recognising the role of sustainable investment strategies
and environmental, social and governance (ESG) objectives in ensuring quality infrastructure
investment. However, challenges remain to better integrate ESG approaches into investment
decisions, including through more granular, consistent and comparable ESG information at the
infrastructure project level. In addition, sustainable investment will require information on how
infrastructure assets can be made more resilient against natural disasters over their lifespan.
9.
In cooperation with other multilateral institutions and seeking complementarity withexisting initiatives and tools (see Box 1) through exchange of information and good practices, theOECD can play an important role in helping policymakers attract further private infrastructure
investment and improve the alignment of infrastructure investments with the QII Principles. The
Organisation could support policymakers in the following areas: (i) strengthening the governance,
policy and regulatory frameworks that enable investments in infrastructure to ensure a levelplaying field and proper risk management, value for money, transparency in relation to thepotential impact of infrastructure investments on fiscal sustainability, and green and sustainableprojects that better respond to the demands of investors; (ii) setting up sound infrastructure
decision-making and coordination mechanisms to ensure that investments at all levels ofgovernment are well-targeted and consistent with climate goals and debt sustainability; and (iii)
supporting more consistent production and collection of project-level data on costs and benefits,
including environmental, social, fiscal and governance risks as well as the collection of
infrastructure data in national accounts, including with regards to public debt. This would go handin-hand with OECD policy guidance on the use of blended finance interventions, financial
guarantees and infrastructure procurement strategies to de-risk investments and mobilise
institutional investors as well as additional commercial finance.13
13 OECD (2022), Blended Finance Guidance for Clean Energy and OECD (2020) and OECD DAC Blended Finance Guidance,

available
principles/

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here:

https://www.oecd.org/dac/financing-sustainable-development/blended-finance-principles/guidance-and-C/MIN(2024)9  5

The OECD’s contribution so far
10.
OECD work on infrastructure is distributed across the Programme of Work by sectors(telecommunications, transportation, energy, water) and by policy areas (sustainableinfrastructure, infrastructure financing including at the sub-national level, infrastructure
governance and development). The role of infrastructure in achieving environmental goals(biodiversity conservation, climate mitigation, resilience to natural disasters) is also central to
OECD work.
11.
These streams of work are developed and managed by the responsible directorate.
Internally, coordination is carried out through an inter-directorate infrastructure group whichmeets on a quarterly basis at the working level. Externally, the Infrastructure Platform,14 launchedin 2022, brings together and presents the infrastructure work across the OECD on a single website.
These various infrastructure workstreams at the OECD will continue to feed into and informdiscussions at the annual OECD Infrastructure Forum, which is becoming a key driver of theinternational infrastructure policy agenda.
12.
The OECD has also supported global policy coherence in relation to the QII Principles bybringing together individual directorate-level contributions to produce whole-of-OECD outputs
as part of its 2019-20 Horizontal Project on Sustainable Infrastructure,15 as well as through the
adoption by the Council of relevant OECD standards such as the OECD Recommendation on the
Governance of Infrastructure [OECD/LEGAL/0460], the OECD Recommendation on Effective
Public Investment Across Levels of Government [OECD/LEGAL/0402] and the OECD
Recommendation on Principles for Private Sector Participation in Infrastructure[OECD/LEGAL/0349].
13.
Through its above-mentioned annual Infrastructure Forum and the G20 Infrastructure
Investors’ Dialogue, the Organisation has used its convening power to support dialogue among
decision-makers, practitioners, developers, and investors on how to respond to key infrastructure
investment and outcome challenges. OECD reviews have provided guidance on overall systems
for the prioritisation and management of public investment in infrastructure, the inclusion ofenvironmental and climate resilience priorities in planning and investment, on policy actions to
attract infrastructure investment from the private sector or at the sub-national level, including theuse of de-risking instruments, and support for the procurement, delivery and management of large
infrastructure projects. Infrastructure related work is also well reflected in the OECD’s external
engagement, including in country and regional programmes.
14.
The OECD has also been a key contributor to G7 and G20 discussions on quality
infrastructure investment and has helped advance specific agendas and outcomes in these and otherfora in areas such as low-carbon and climate resilient infrastructure, infrastructure resilience andmaintenance, infrastructure and transition finance, infrastructure investment at the subnational
level,16 mainstreaming gender in infrastructure,17 ESG in infrastructure, social infrastructure, and14 https://www.oecd.org/finance/infrastructure/
15 See C(2020)119. These deliverables include the OECD Compendium of Policy Good Practices for Quality Infrastructure

Investment (2020) and the OECD Implementation Handbook for Quality Infrastructure Investment (2021).
16 OECD (2022), G20-OECD Policy Toolkit to Mobilise Funding and Financing for Inclusive and Quality Infrastructure
Investment in Regions and Cities, OECD Publishing, Paris, https://doi.org/10.1787/99169ac9-en, prepared under the Indonesian
Presidency and OECD (2023, forthcoming), Financing Cities of Tomorrow, prepared under the Indian G20 Presidency.
17
OECD (2021), "Women in infrastructure: Selected stocktaking of good practices for inclusion of women in infrastructure",
OECD Public Governance Policy Papers, No. 07, OECD Publishing, Paris, https://doi.org/10.1787/9eab66a8-en.

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communication infrastructure.18 The OECD has supported discussions on improving
infrastructure data collection in the G20, including through the G20 Infrastructure Data Initiative,
and by developing its own infrastructure datasets. Through the OECD Global Anti-Corruption &Integrity Forum, the OECD has also contributed to a better understanding of corruption risk ininfrastructure, creating opportunities to discuss main potential policy solutions. The OECD has
worked towards the development of multi-stakeholder approaches like the Infrastructure AntiCorruption Toolbox (I ACT) to empower actors across the infrastructure value chain to prevent,detect and report corruption and support a level playing field for businesses.
15.
That said, OECD work on infrastructure has not previously been prioritised for significant
Part I funding and remains underdeveloped in a number of areas. In addition, there is a real needto improve the coherence and strengthen the joint value of infrastructure work across relevant partsof the Organisation in order to step up dialogue with external partners and initiatives; bettersupport implementation of the QII Principles and the SDGs; and enable implementation-oriented
guidance on infrastructure that can respond to the growing needs of both OECD Members andnon-Members.
A high-level approach to enhance and better integrate OECD work on infrastructure
16.
The value-added and strength of the OECD committee-driven work on infrastructure relieson the OECD’s role as an evidence-based standard-setter, on its convening power and on its ability
to foster and facilitate dialogue among Members, non-Members and other relevant stakeholders.
OECD policy communities, combined with OECD standard-setting methods which include
implementation support for relevant OECD Recommendations, provide the Organisation withaccess to an evidence base and good practices that is unparalleled at the international level.
17.
Building on those elements, the OECD is well-positioned to provide countries with policy
guidance and tools for boosting the overall level and delivery of quality and sustainableinfrastructure investment, both domestically and at the international level. This includes the ability
to foster alignment between internationally recognised principles and in-country prioritisation anddecision-making processes, and support capacity building across countries.
18.
The Organisation’s multi-disciplinary, multi-sectoral, multi-stakeholder, evidence-and
consensus-based approach to analysis and policy advice means that it can help set a coherent reform
agenda and serve as a platform for dialogue and a point of reference for international, regional,
national, and local infrastructure policy initiatives. The OECD’s policy perspective iscomplementary to that of other key actors, notably Multilateral Development Banks, who are also
engaged in lending activities for infrastructure projects.
19.
To continue building a strong foundation for OECD work on infrastructure for the future,
the OECD will develop a more integrated work programme on infrastructure across the relevant
committees, fully consistent with the existing Programme of Work and Budget (PWB), andbuilding on the Horizontal Project on Strategic Policies on Sustainable Infrastructure (2019-2020).
This will include:
18 As providers of essential network services, communication infrastructure underpins economic and social activity, and canpromote broader economic and social resilience. In this regard, the OECD (STI & DAF) has supported the agenda of the G20 on
fostering the development and the financing of broadband infrastructure, see for instance, under Italy’s G20 chairmanship, theG20 Guidelines for Financing and Fostering High-Quality Broadband Connectivity for a Digital World (2021) developed withsupport of the OECD.

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C/MIN(2024)9  7• Strengthening, broadening, deepening and better articulating the whole-of-OECDoffering on infrastructure to Members as well as non-Members at various levels ofintervention (standards, analysis and policy recommendations, support for project
development, data collection, stakeholder engagement, etc.) which could be particularly
useful for developing countries.19 This will involve ongoing close coordination and theharnessing of synergies within OECD work on infrastructure in order to reducefragmentation and refine the Organisation’s value proposition in this area, considering theappropriate inclusion of infrastructure issues in OECD reports such as Economic Surveys.
Concretely, those efforts will build on the recently-established OECD Infrastructure
Platform, increase the impact and visibility of the OECD annual Infrastructure Forum,and better integrate infrastructure investment considerations into OECD macro-economic
policy monitoring and surveillance.
• Conducting country or region-specific Infrastructure Policy Reviews – for instance on
Ukraine – tailored to a country or region’s infrastructure-related priorities, challenges andneeds by mobilising expertise from across relevant directorates. These reviews – open toboth Members and non-Members – would include actionable policy recommendations on
relevant country- or region-specific issues such as financing and funding models forinfrastructure and related debt and fiscal sustainability issues, including impacts ofpossible contingent liabilities on public finance; addressing the coordination issues aroundinfrastructure, including multi-level governance; and providing a more comprehensive
policy approach covering both the life cycle of infrastructure assets and all levels ofgovernment. Infrastructure Policy Reviews could be particularly useful to developing
countries, which could benefit from an independent review to assist with the development
and maintenance of their infrastructure assets. These reviews could also help underscorethe contribution of infrastructure investment to achieving sustainable economic, social, andenvironmental objectives and support broader engagement with non-Members throughOECD country and regional programmes, partnerships and networks. The evidence
gathered through these in-depth reviews could also support the development of the OECD's
knowledge base of good practices of sustainable infrastructure policy and development,
which would contribute to advance capacity building for developing countries in Africa
and other emerging regions.
• Guiding OECD support to relevant multilateral initiatives and tools on infrastructure(see Box 1) and strengthening the OECD’s value-added in G20 discussions on
infrastructure, particularly taking into account the scope of work and governance of otherentities that regularly engage with the G20 such as the Global Infrastructure Facility, theIMF and multilateral development banks. The OECD could also support greater coherence
and transparency of infrastructure project data, providing investors with the information
they need to understand and invest in infrastructure projects around the world. The OECD
could also work towards strengthening the environmental integrity of initiatives seeking tocertify quality infrastructure investments.
20.
The work programme will build on the following five existing pillars of the OECD’s
infrastructure work (Figure 1):

19

OECD regional and country programmes as well as platforms and networks, including those from the Development Centre, willbe leveraged to engage with stakeholders in developing countries. The initiative will also integrate relevant OECD standards onexport credits outlined in Figure 1.

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Figure 1. Five pillars of OECD work on infrastructure

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C/MIN(2024)9  9Building the foundations for a second phase
21.
The development of a horizontal integrated work programme could then provide the basis
for a more ambitious workplan for consideration by Members in the next PWB cycle. Actions that
could be incorporated into a second phase include:• Development of an integrated OECD Policy Framework for Infrastructure
Development – building on the outcomes of the 2019-2020 Horizontal Project on
Sustainable Infrastructure – to provide a clear framing for the OECD’s value-added in thisarea, bring together OECD standards relevant for infrastructure and offer a tool for theirdissemination and implementation. By examining good practice and needs emerging fromcountry reviews and analysis, the Policy Framework could identify gaps and strengthen
the coherence of policy guidance.
• An Infrastructure Implementation Toolkit including a suite of tools and case studies atthe central and subnational levels, drawing on infrastructure work across the OECD, andpresented in a standardised and easily accessible format. The toolkit would seek toreinforce and complement existing international initiatives and tools (see Box 1).
• Foundational work for better infrastructure data collection at all levels of government
as well as more project-level and private sector data to strengthen the OECD’s empirical,
analytical and quantitative work on infrastructure, including on key dimensions of quality
infrastructure (climate, sustainability, resilience, good governance and transparency, etc.).
This could include more consistent classifications and concepts around infrastructure in
the national account20 and at the project level which could in turn lead to better quality andmore consistent data to guide investment decisions into infrastructure.
• An annual whole-of-OECD infrastructure publication which could be entitled“Infrastructure at a Glance” or “Infrastructure Now”. The first edition of such a publication
could be associated with the next OECD Infrastructure Forum taking place in April 2024,
which will focus on the theme of climate resilience. To support the development of such a
joint, whole-of-OECD infrastructure publication, an editorial board has been formed toensure a consistent narrative.
22.
Some of these actions are already being advanced, with relevant toolkits being developedby a number of OECD bodies, a joint infrastructure publication being piloted leveraging existing
work, and an annual Forum taking place since 2022. However, coordinated aspects of the second
phase will require clear recognition in the coming PWBs of relevant bodies, as well as allocationof resources to support the coordination of this horizontal approach.21

20

Building on lessons and existing practices from OECD members and the EU, for instance the EU´s work on national accounts
for PPPs and concessions.
21

Consultation on the high-level approach (HLA) was carried out with the following OECD bodies: Investment Committee (IC)/Working Party on Responsible Business Conduct (WPRBC), Committee on Financial Markets (CMF), Insurance and Private
Pensions Committee (IPPC), Public Governance Committee (PGC), Committee of Senior Budget Officials (SB0), Working Partyof the Leading Practitioners on Public Procurement (LPP), Network of Senior Infrastructure and Public-Private Partnership
Officials (SIP), Working Party on Financial Management and Reporting (FMR), Economic Policy Committee (EPC),
Development Assistance Committee (DAC), Environment Policy Committee (EPOC), Regional Development Policy Committee(RDPC), External Relations Committee (ERC), Governing Board of the Development Centre, and Working Party on Export
Credits and Credit Guarantees (ECG).

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Collaboration and Partnerships
23.
The newly-approved Blue Dot Network (BDN) Secretariat to be hosted at the OECD
provides a framework for the certification of infrastructure projects in line with the G20 Principles
on Quality Infrastructure Investment. The BDN Secretariat will inform relevant OECD
committees and bodies on lessons learned regarding their instruments in order to identify lessons
learned for OECD infrastructure work. The Paris Pact for People and Planet (4P) Joint Working
Committee, also hosted at the OECD, could also work closely with the OECD to exchange
information and knowledge on work on infrastructure for cross fertilisation of good practices andprivate sector engagement. The OECD’s collaboration with the International Energy Agency(IEA) enables it to draw on IEA expertise regarding energy infrastructure and to integrate thisexpertise into analysis of infrastructure investment and development. A similar approach applies
with regard to the work of the Nuclear Energy Agency (NEA) for analysis on nuclear energy
infrastructure as relevant. Similarly, the expertise of the International Transport Forum (ITF)
facilitates analysis of the important role that transport infrastructure plays in economies andsocieties. The collaboration with these entities for the development and implementation of theOECD High-Level Approach would ensure the Approach is more relevant and comprehensive.
The OECD will also engage with the Trade Union Advisory Committee (TUAC) and Business at
OECD (BIAC) as the initiative develops to ensure that perspectives from trade unions andbusinesses are adequately reflected.
24.
A whole-of-OECD approach to infrastructure would also enable stronger collaboration
with various multilateral initiatives to promote the development of quality and sustainableinfrastructure (see Box 1) by reinforcing complementarities and harnessing the OECD’s multisectorial analytical capacity and evidence-based approach to policy advice.
Oversight and Governance25.
Throughout the development of the approach, the Secretariat will consult to ensure thatthe initiative receives and reflects feedback from all relevant stakeholders.22 In particular, a more
active whole-of-OECD approach to infrastructure will and should be Member-driven, withengagement and consultation through the committee process and Council, and taking account of
the discussions within the Governing Board of the Development Centre and the new Friends ofInfrastructure Group.
26.

Envisaged consultation groups include the following:

Friends of Infrastructure Group• Following the three meetings of the Friends of Infrastructure Group – co-chaired by France
and the United States – in May and November 2023 and in February 2024 to discuss the

22

Identification of stakeholders will be relevant when work on a Policy Framework for Infrastructure Development moves ahead,as well as for the development of country specific Infrastructure Policy Reviews. For both of these exercises, the Secretariat willneed to identify in advance the key stakeholders which have a role in the infrastructure policy ecosystem. This will be kept as a
key policy consideration as the work on the Policy Framework and Infrastructure Policy Reviews moves forward. As the second
phase develops, some description of potential relevant stakeholders could be included as reference (as each stakeholder is likely
to have some country specificity).

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C/MIN(2024)9  11

High-Level Approach, the Secretariat will continue to consult interested OECD Members
through this group to gather their perspectives on scope and focus.
Committee consultation process•

Consultation will take place at each juncture with OECD bodies that were alreadyconsulted on the high-level approach (HLA)23, as well as with the relevant OECD body interms of the development or revision of standards/legal instruments or Infrastructure
Policy Reviews.

Secretariat Inter-directorate Steering Group• The strategy to advance an integrated OECD approach to infrastructure development
would be overseen by a steering group chaired at the Deputy-Secretary General level andinvolving directors and/or deputy directors of relevant OECD directorates.24 It would be
operationally led by DAF and GOV.
• The steering group could meet quarterly to ensure the HLA is being implemented inaccordance to Member feedback and input. The existing inter-directorate infrastructuregroup would support the steering group at a working level.
External Advisory Group•

Once work on the integrated approach is advanced, and as part of a second phase, theOECD could also seek to convene an informal external advisory group which could
provide advice and guidance on the suite of policy tools that would be put forward as partof the Policy Framework for Infrastructure Development.

Funding
27.
The development of the different components of the horizontal integrated work
programme, notably in the second phase of the project, is contingent on the availability of funding,as most elements are not part of the current PWB. The initiatives described under paragraph 19 –with the exception of the Infrastructure Policy Reviews – would have more limited budgetaryrequirements since they would build on existing initiatives. The Infrastructure Policy Reviews
would be demand-driven and would require specific financing through voluntary contributions.
Additional financing would also be required to undertake the work described in the second phase.
The core outputs of the second phase would be the OECD Policy Framework for Infrastructure
Development as well as the Infrastructure Implementation Toolkit.

23

See footnote 21 for full list of OECD bodies consulted for HLA, although the OECD bodies that could advise on phase 2 could
be broader.
24 This has so far included ENV, CFE, DCD, STI, DEV, ITF, TAD but could include other directorates as relevant.

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