The event drew representatives from local and international financial institutions, G20 members, and long-term investors, reflecting South Africa's commitment to its 2025 G20 presidency theme of “Solidarity, Equality, and Sustainability.”
"This event comes at a critical period where, the world faces several crises including climate change, poverty, inequality and geopolitical tensions, amongst other challenges. Moreover, it comes at a time where, more than ever before, the significance of private capital as a positive force for social and environmental change is increasingly being appreciated," he said.
“This Dialogue is borne out of the realisation of the extent of infrastructure funding requirements and the concomitant shortfall in the amount available” Masondo, noting that the world currently allocates around $2.5trl annually to infrastructure, far below what is needed.
The session, co-hosted with the OECD, builds on discussions from a prior meeting in Cape Town and aims to deepen insights from emerging markets.
In South Africa, the National Development Plan has set a target of 30% investment-to-GDP ratio, with one-third expected to come from the public sector. However, Masondo said current infrastructure spending remains well below this target, highlight...