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President to meet with development finance institutions leadership

President Cyril Ramaphosa will on Tuesday, 18 February 2020, meet with Chief Executive Officers of commercial banks and leaders of multilateral development finance institutions to assess progress in efforts to intensify infrastructure investment.
 
The discussions at Tuynhuys, Cape Town, will also reflect on the implementation of urgent reforms identified by government as prerequisites for reviving infrastructure investment which has been subject to low growth for the past decade.
 
Tomorrow’s deliberations follow President Ramaphosa’s restatement in the 13 February 2020 State of the Nation Address  that infrastructure  development  is at  the centre of government’s inclusive growth and job creation agenda.
 
Acting on the commitments made in the State of the Nation Address, President Ramaphosa has invited public sector executives, financiers including multilateral development banks, development finance institutions, organised business and infrastructure-oriented industry players to discuss expansion and funding of public sector infrastructure.
 
This inaugural meeting seeks to enhance collaboration among stakeholders with a view to setting in motion an aggressive public sector build programme to create jobs, realise inclusive growth and facilitate spatial justice.
 
The meeting will also be apprised on the state of readiness of the Sustainable Infrastructure Development Symposium set to be held in May 2020. 
 
To fast-track progress on a clear list of urgent reforms, President Ramaphosa has established three specialised units in the Presidency which are the Investment and Infrastructure office, Project Management office and Policy and Research Services  to address obstacles and improve government delivery.
 
These units are working closely with the Presidential Infrastructure Coordinating Commission, InvestSA and the Ease of Doing Business Task Team to remove impediments to investment and growth and ensure that government meets its goals of achieving an equitable society.
 
Media are invited for a photo opportunity and doorstop with Dr Kgosientso Ramakgopa, Head of the Investment and Infrastructure Office in The Presidency, following the Tuynhuys gathering.
 
Details are as follows: 
 
Date: Tuesday, 18 February2020
Time: 09:00 (Media to arrive at 8:30)
Venue: Tuynhuys, Cape Town 
 
Members of the media who intend to cover the meeting should send their details to Khutjo Sebata on 079 898 4621 by no later than 22:00 on Monday, 17 February 2020.
 
Media enquiries: Khusela Diko, Spokesperson to the President on 072 854 5707
 
Issued by: The Presidency 
Pretoria