{"id":17,"date":"2021-04-25T09:57:16","date_gmt":"2021-04-25T09:57:16","guid":{"rendered":"http:\/\/globalpublicinvestment.org\/?page_id=17"},"modified":"2021-09-06T06:07:43","modified_gmt":"2021-09-06T06:07:43","slug":"about","status":"publish","type":"page","link":"https:\/\/globalpublicinvestment.org\/about\/","title":{"rendered":"History &#038; Timeline"},"content":{"rendered":"<h2>The Expert Working Group on GPI<\/h2>\n<p>&nbsp;<\/p>\n<h3>Introduction<\/h3>\n<p>International cooperation has never been more needed, but the current system of \u201caid\u201d is outdated and ineffective. The concept of Global Public Investment (GPI) was developed to make the case that, because of its unique characteristics, concessional international public finance continues to have a critical role in responding to current and future global challenges, but that it has to evolve fit a new context.\u00a0This is not just about transforming the aid debate: it represents a new paradigm of fiscal policy for the 21st\u00a0century.<\/p>\n<p>In part because of the way the pandemic has sharpened the consequences of inaction, support is growing for GPI all over the world and from a variety of political standpoints. Momentum is growing, and Overton\u2019s famous window of political acceptability is now well and truly open.<\/p>\n<p>In the last few years, a growing number of experts and organisations have begun to support the new GPI approach. But important technical questions still need resolving, and detailed plans which take into account political opportunities and barriers need to be consolidated into a coherent plan of action to make GPI a reality.<\/p>\n<p>While most informed people recognize that change is needed, there is no technically sound and politically viable road map that governments, multilateral organisations, civil society and other stakeholders can all sign up to.<\/p>\n<p>&nbsp;<\/p>\n<h3>The Expert Working Group<\/h3>\n<p>This is what the Expert Working Group was established to resolve. Given the urgency of this issue and the critical political moment the core task of the\u00a0<em><i>Expert Working Group<\/i><\/em>\u00a0<em><i>on Global Public Investment (EWG-GPI)<\/i><\/em>\u00a0is\u00a0to deliberate on the GPI concept, ensure that it is both representative and robust, and then make concrete proposals for implementing it.<\/p>\n<p>The Expert Working Group on Global Public Investment (EWG-GPI) was established in October 2020 to deliberate on the key technical and political questions of GPI in order to produce a concrete proposal for its implementation. While the broad outlines of a new framework have been sketched out, the EWG-GPI was tasked with moving beyond principles, and envisioning what GPI will look like in practice. The EWG-GPI\u2019s overall purpose is:<\/p>\n<p><em><i>To deliver a\u00a0<\/i><\/em><em><u><i>technically sound<\/i><\/u><\/em><em><i>\u00a0and\u00a0<\/i><\/em><em><u><i>politically attractive<\/i><\/u><\/em><em><i>\u00a0action plan for GPI which will garner support across the globe and in various sectors.<\/i><\/em><\/p>\n<p><img decoding=\"async\" data-src=\"http:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/09\/JOURNEY-SO-FAR-2-1.png\" alt=\"\" width=\"2480\" height=\"1239\" class=\"alignnone size-full wp-image-934 lazyload\" data-srcset=\"https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/09\/JOURNEY-SO-FAR-2-1.png 2480w, https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/09\/JOURNEY-SO-FAR-2-1-300x150.png 300w, https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/09\/JOURNEY-SO-FAR-2-1-1024x512.png 1024w, https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/09\/JOURNEY-SO-FAR-2-1-768x384.png 768w, https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/09\/JOURNEY-SO-FAR-2-1-1536x767.png 1536w, https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/09\/JOURNEY-SO-FAR-2-1-2048x1023.png 2048w\" data-sizes=\"(max-width: 2480px) 100vw, 2480px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 2480px; --smush-placeholder-aspect-ratio: 2480\/1239;\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3>How was the Expert Working Group convened?<\/h3>\n<p>At the core of the formation of the GPI Expert Working Group, is the concern to ensure that this is not just another \u2018top down\u2019 initiative, devised by powerful interests \u2018on behalf\u2019 of others.<\/p>\n<p>By assembling an Expert Working Group in this way and reporting on its progress here, we open for a democratic and transparent route to international public spending fit for the\u00a0twenty-first\u00a0century. Prior to its final publication a draft of the Report will be made available on this website for consultation.<\/p>\n<p>Take a look on the members page and you will see representatives from across the political spectrum, from all the major regions of the world, from national government agencies, non-governmental organisations, and multilateral bodies \u2013 including UN agencies.<\/p>\n<p>By assembling such a representative group we aim to ensure that the GPI proposal is developed in as robust a way as possible. It gives us confidence that that the group will deliver, in\u00a02021, a\u00a0<u>technically sound<\/u>\u00a0and\u00a0<u>politically attractive<\/u>\u00a0action plan which will garner support within key sectors around the world.<\/p>\n<p>&nbsp;<\/p>\n<h3>Plenary meetings<\/h3>\n<p>To date the EWG-GPI has met in plenary session four times, in October 2020, December 2020, January 2021 and March 2021.\u00a0The\u00a0first\u00a0plenary\u00a0established the scope and objectives of the group<span style=\"text-decoration: line-through;\">. <\/span>The\u00a0second\u00a0plenary\u00a0established a\u00a0set\u00a0of sub-groups\u00a0that\u00a0have delved\u00a0into key issues \u2013 these are described in the next section.\u00a0The\u00a0third plenary\u00a0reviewed progress and agreed on a plan for a consultation phase to influence the final report.\u00a0The\u00a0fourth\u00a0plenary\u00a0worked on the consultation materials.<\/p>\n<p>&nbsp;<\/p>\n<h3>Sub-groups<\/h3>\n<p>The EWG\u00a0is assisted by the work of\u00a0sub-groups to delve more deeply into\u00a0certain\u00a0areas. Some members of these sub-groups\u00a0bring\u00a0additional\u00a0expertise from outside\u00a0the EWG.<\/p>\n<p><em><i>Definitions:<\/i><\/em>\u00a0This group\u00a0focuses on\u00a0the definitional components of the proposal (e.g. what will GPI be spent on, how do we define GPI as against other possible approaches (e.g. GPGs, ODA\u00a0as well as examining\u00a0issues of GPI \u201ccompliance\u201d.<\/p>\n<p><em><i>Governance:<\/i><\/em>\u00a0This group\u00a0focuses on\u00a0core governance arrangements relating to GPI in practice (across regions, countries, organisations, and key sectors like civil society)\u00a0and\u00a0\u201ccore\u201d GPI principles.<\/p>\n<p><em><i>National\/regional:<\/i><\/em>\u00a0This group\u00a0focuses on\u00a0what GPI would mean specifically for different country types and regional bodies. What are the benefits to different kinds of government\/country of the GPI approach? How would a GPI approach enable bilaterals to contribute more and better to global objectives? And what steps do bilaterals need to take to further the GPI approach?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Expert Working Group on GPI &nbsp; Introduction International cooperation has never been more needed, but the current system of \u201caid\u201d is outdated and ineffective. The concept of Global Public Investment (GPI) was developed to make the case that, because of its unique characteristics, concessional international public finance continues to have a critical role in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":366,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-17","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>History &amp; Timeline - Global Public Investment<\/title>\n<meta name=\"description\" content=\"Our objective is to deliver a technically sound and politically attractive action plan for GPI which will garner support across the globe and in various sectors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/globalpublicinvestment.org\/about\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"History &amp; Timeline - Global Public Investment\" \/>\n<meta property=\"og:description\" content=\"Our objective is to deliver a technically sound and politically attractive action plan for GPI which will garner support across the globe and in various sectors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/globalpublicinvestment.org\/about\/\" \/>\n<meta property=\"og:site_name\" content=\"Global Public Investment\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-06T06:07:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/secureservercdn.net\/160.153.137.5\/qjz.3c1.myftpupload.com\/wp-content\/uploads\/2021\/05\/banner-back.jpg?time=1666197444\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/globalpublicinvestment.org\/about\/\",\"url\":\"https:\/\/globalpublicinvestment.org\/about\/\",\"name\":\"History & Timeline - Global Public Investment\",\"isPartOf\":{\"@id\":\"https:\/\/globalpublicinvestment.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/globalpublicinvestment.org\/about\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/globalpublicinvestment.org\/about\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/05\/banner-back.jpg\",\"datePublished\":\"2021-04-25T09:57:16+00:00\",\"dateModified\":\"2021-09-06T06:07:43+00:00\",\"description\":\"Our objective is to deliver a technically sound and politically attractive action plan for GPI which will garner support across the globe and in various sectors.\",\"breadcrumb\":{\"@id\":\"https:\/\/globalpublicinvestment.org\/about\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/globalpublicinvestment.org\/about\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/globalpublicinvestment.org\/about\/#primaryimage\",\"url\":\"https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/05\/banner-back.jpg\",\"contentUrl\":\"https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/05\/banner-back.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/globalpublicinvestment.org\/about\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/globalpublicinvestment.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"History &#038; Timeline\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/globalpublicinvestment.org\/#website\",\"url\":\"https:\/\/globalpublicinvestment.org\/\",\"name\":\"Global Public Investment\",\"description\":\"Expert Working Group\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/globalpublicinvestment.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"History & Timeline - Global Public Investment","description":"Our objective is to deliver a technically sound and politically attractive action plan for GPI which will garner support across the globe and in various sectors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/globalpublicinvestment.org\/about\/","og_locale":"en_US","og_type":"article","og_title":"History & Timeline - Global Public Investment","og_description":"Our objective is to deliver a technically sound and politically attractive action plan for GPI which will garner support across the globe and in various sectors.","og_url":"https:\/\/globalpublicinvestment.org\/about\/","og_site_name":"Global Public Investment","article_modified_time":"2021-09-06T06:07:43+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/secureservercdn.net\/160.153.137.5\/qjz.3c1.myftpupload.com\/wp-content\/uploads\/2021\/05\/banner-back.jpg?time=1666197444","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/globalpublicinvestment.org\/about\/","url":"https:\/\/globalpublicinvestment.org\/about\/","name":"History & Timeline - Global Public Investment","isPartOf":{"@id":"https:\/\/globalpublicinvestment.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/globalpublicinvestment.org\/about\/#primaryimage"},"image":{"@id":"https:\/\/globalpublicinvestment.org\/about\/#primaryimage"},"thumbnailUrl":"https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/05\/banner-back.jpg","datePublished":"2021-04-25T09:57:16+00:00","dateModified":"2021-09-06T06:07:43+00:00","description":"Our objective is to deliver a technically sound and politically attractive action plan for GPI which will garner support across the globe and in various sectors.","breadcrumb":{"@id":"https:\/\/globalpublicinvestment.org\/about\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/globalpublicinvestment.org\/about\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/globalpublicinvestment.org\/about\/#primaryimage","url":"https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/05\/banner-back.jpg","contentUrl":"https:\/\/globalpublicinvestment.org\/wp-content\/uploads\/2021\/05\/banner-back.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/globalpublicinvestment.org\/about\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/globalpublicinvestment.org\/"},{"@type":"ListItem","position":2,"name":"History &#038; Timeline"}]},{"@type":"WebSite","@id":"https:\/\/globalpublicinvestment.org\/#website","url":"https:\/\/globalpublicinvestment.org\/","name":"Global Public Investment","description":"Expert Working Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/globalpublicinvestment.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/globalpublicinvestment.org\/wp-json\/wp\/v2\/pages\/17","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalpublicinvestment.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/globalpublicinvestment.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/globalpublicinvestment.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalpublicinvestment.org\/wp-json\/wp\/v2\/comments?post=17"}],"version-history":[{"count":23,"href":"https:\/\/globalpublicinvestment.org\/wp-json\/wp\/v2\/pages\/17\/revisions"}],"predecessor-version":[{"id":937,"href":"https:\/\/globalpublicinvestment.org\/wp-json\/wp\/v2\/pages\/17\/revisions\/937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalpublicinvestment.org\/wp-json\/wp\/v2\/media\/366"}],"wp:attachment":[{"href":"https:\/\/globalpublicinvestment.org\/wp-json\/wp\/v2\/media?parent=17"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}