June 1, 2023

VISAHAPATNAM: Under India’s G-20 Chairmanship, the second G-20 Infrastructure Working Group is organizing a two-day workshop in Visakhapatnam from Wednesday on how cities can leverage private finance.

More than 70 participants are expected to attend, including municipal commissioners, mayors and representatives of city departments from the states of Karnataka, Telangana, Andhra Pradesh, Tamil Nadu, Kerala, Goa, Chhattisgarh and Odisha, apart from two unions. territories of Lakshadweep and Puducherry.

The Department of Economics, the Ministry of Housing and Urban Development and the International Finance Corporation are jointly organizing the seminar.

In addition to discussing how cities in India can use private finance to develop critical urban infrastructure projects, the workshop aims to build the capacity of city local governments in innovative urban planning, accessing financial markets and stimulating private sector participation.

Eminent experts from the Ministry of Housing and Urban Development, the Reserve Bank of India, the Securities and Exchange Board of India, the World Bank and the State Bank of India will discuss hot topics for increasing funding for cities.

The first day on Wednesday will feature five sessions focused on improving civic infrastructure, discussing private financing constraints, sharing international examples of cities in preparing and implementing innovative projects, and understanding cities’ perspectives on their investment programs, borrowing opportunities, and challenges. in mobilizing private finance.

Four sessions are organized on the second day on Thursday, focusing on cities’ funding and capacity building requirements, the credit scoring system, the way forward for cities – how different cities can get funding and advisory support, including global precedents.

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