Blue Dot Network boosts infrastructure in emerging markets

Establishment of Blue Dot Network by Key Global Countries

On 9th April, the Organisation for Economic Co-Operation and Development (OECD) witnessed the joint announcement of the Blue Dot Network establishment by Australia, Japan, Spain, Switzerland, the UK, and the USA. This initiative aims at certifying infrastructure projects that adhere to or surpass the set standards of quality and sustainability.

The Secretariat will manage the framework of the Blue Dot Network, which is voluntary in nature. It aims at certifying infrastructure projects that comply with international standards for financial transparency, environmental and social sustainability, economic resilience, and inclusiveness. This initiative intends to encourage additional private sector financing, acknowledging that quality infrastructure greatly contributes to sustainable economic growth and prosperity.

At the OECD Headquarters in Paris, France, the Blue Dot Network was officially launched by the OECD and its steering committee members – Australia, Japan, Spain, Switzerland, the UK, and the USA. They also acknowledged Türkiye's acceptance of the invitation to join the steering committee.

On 8th April, senior government leaders and CEOs expressed their support for this initiative through a leaders' dialogue. This aimed at discussing how the Blue Dot Network can draw private sector investment into developing markets to address the global infrastructure investment gap. Government representatives and the Blue Dot Network's Executive Consultation Group members – who represent over 200 organisations from the private sector, civil society, and academia – attended the dialogue.

For additional information, visit the Blue Dot Network website.

Background Information

• The Blue Dot Network was founded by Australia, Japan, and the USA. The UK was the first to join after its creation in 2019, followed by Spain, Switzerland, and Türkiye. These seven countries now constitute the 'governing members'.
• UK businesses and financial institutions are part of the Blue Dot Network's executive committee and contribute technical expertise. The Network extends an open invitation to any interested organisation.