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The G-20 is considering converting its Global Infrastructure Hub into a multi-lateral institution on the lines of the Financial Stability Board. If the plan goes through, it will be the second instance of a G-20 initiative being turned into a full-fledged organisation after the FSB.
“This is a decision that will require consensus among G-20 members. But the plan is to turn GIH into a body similar to FSB,” a G-20 official aware of the deliberations told Business Standard. The new infra-focused body will be a non-treaty based organisation.
Unlike most multilateral financial institutions such as the International Monetary Fund
