Turnbull said there were powerful arguments to integrate the work of Apec and the G20 when it came to the financing of infrastructure and public private partnerships.
The G20 will establish what it described as a "Global Infrastructure Hub" with a four-year mandate to improve the functioning and financing of infrastructure markets, such as investment in major roads, rail and school building schemes.
Such a plan could include a temporary assumption by the federal government of certain state and local costs, coupled with incentives for local tax reductions, federal guarantees to pension funds for the financing of infrastructure projects, and private-public partnerships for functions like school construction.
The federal government of Australia seeks to determine the selection and forms of financing of infrastructure projects in cities, and to prescribe how cities are planned and managed.
Seventh most important, emerging partners' financing of infrastructure (which is often associated with large-scale FDI), mainly from China, is particularly effective in improving competitiveness in such an infrastructure deprived region as Sub-Saharan Africa (IMF 2011 52 57).
All countries undergoing a demographic shift are subject to similar pressures: They're growing older, a growing lack of skilled labor is becoming palpable, and the financing of infrastructure and social services is becoming increasingly difficult.
