Professor Toshiro Nishizawa participated in the Fifth Tokyo Fiscal Forum “Implications of G20 Achievements for Asia” jointly hosted by Ministry of Finance’s Policy Research Institute (PRI), IMF’s Fiscal Affairs Department and Asian Development Bank Institute (ADBI) on November 20-21, 2019 in Tokyo.
“Government officials and experts in fiscal policy from 19 countries in Asia and beyond had intensively discussed two following points: how to implement public investments in an effective and efficient manner while ensuring the macro-level as well as project-level debt sustainability, and how to keep fiscal sustainability under the demographic transition while coping properly with increasing needs on welfare. The discussion was conducted in terms of policy and academic aspects in light of the support from international organizations including IMF, WB, ADB and OECD, and challenges and case studies of each Asian developing countries.” (Policy Research Institute, Ministry of Finance, Japan)
A session chaired by Professor Nishizawa focused on “Environmental and Social Considerations in Infrastructure Investment” and was joined by the following four speakers.
Robert Youngman—Team Leader, Green Finance and Investment, OECD—on “Integrating environmental and social considerations in infrastructure investment”
Chiara Bronchi—Chief Thematic Officer, Sustainable Development and Climate Change Department, ADB—on “ADB’s perspectives”
Kiwan Kim—Executive Director, Public and Private Infrastructure Investment Management Center, Korea Development Institute—on “Country case: Korea”
Loday Tsheten—Director, Department of National Budget, Ministry of Finance, Bhutan—on “Country case: Bhutan”
The session concluded that environmental and social impacts should be considered as an important component in infrastructure investment and managed systematically through budget and project cycle.