ABOUT

Recognition of the importance of collective action and inclusive collaboration among major developed countries and emerging economies around the world has always been the core purpose of the G20. Today, the world needs it more than ever. The global pandemic has affected every aspect of the society, from health, education, to international trade. At the same time, gaps in countries’ capacities to address the crisis continue to prevent the world from fully controlling the common problems and crises facing us right now. Understanding the challenges and the need for collective action, Indonesia will focus on three main pillars for its G20 2022 Presidency namely: Global Health Architecture, Sustainable Energy Transition, and Digital Transformation. Through these pillars, Indonesia will continue to take the lead on ensuring equitable access to COVID-19 vaccines, promoting sustainable and inclusive economic development through MSMEs participation and digital economy. While also maintaining the aspiration to continue to improve our collective capacity in securing the shared prosperity among nations, through various reform efforts in global taxation, stronger cooperation in fighting corruption, deepening of infrastructure financing, and pushing for a more democratic, and representative international cooperation.

RECOVER TOGETHER RECOVER STRONGER

WELCOMING SPEECH OF THE PRESIDENT OF THE REPUBLIC OF INDONESIA AT THE OPENING OF THE 1ST FMCBG INDONESIA G20 PRESIDENCY 2022

Jakarta, 17 February 2022

May peace be upon you,The Honorable, Minister of Finance of the Republic of Indonesia,The Honorable, Governor of Bank Indonesia,Finance Ministers and Central Bank Governors of the G20 member countries,Head of International Financial Institutions and International Organizations,Distinguished Guests, Ladies and Gentlemen,

As I mentioned at the IMF-World Bank Annual Meeting in 2018, the winter is coming.And now, a severe winter is INDEED coming.Pandemic is far from over, and the global economic is struggling.During this situation, no single country could recover alone. All countries are interconnected, no one isisolated.

The rise of a region would trigger the rise of other regions.On the other hand, the collapse of a region would result in the collapse of others.In this circumstance, it is not a high time for rivalry.It is not the time to create new tensions that could affect global recovery, let alone jeopardize the world peace as we’ve currently seen in Ukraine.It is necessary that every party puts an end to rivalry and frictions.We must focus on synergy and collaboration to save and build back the world we are living in, in order to bounce back and recover immediately.

Distinguished Guests, Ladies and Gentlemen, we must face this global uncertainty with synergy and collaboration.We must work together to keep the rising inflation under control.We must anticipate the food scarcity and the increase of food price.We must overcome container scarcity and other logistics chain problems.We must prevent starvation.We have an obligation to also undertake several transformations.We must accelerate the transition process towards new economy.We must expedite digital transformation that is equal and affordable.And we must encourage the growth of Micro, Small and Medium Enterprises.

This meeting among Finance Ministers and Central Bank Governors of the G20 member countries, must be able to formulate fiscal and monetary measures, that are aligned with each other in resolving collective problems, the global problems.We must collaborate to overcome the global strategic problems with concrete and measurable outcomes so that the global economic growth would be more inclusive and sustainable.

Ladies and Gentlemen, with the spirit of recover together, recover stronger, Indonesia encourages discussions on global priority agendas.We must strengthen of global heath architecture.We must facilitate and finance the transition towards green economy as well as accelerate digital economic transformation.Indonesia is enthusiastic to play its role as the G20 presidency to give contribution to the world. Indonesia would foster synergy and collaboration including that of among Finance Ministers and Central Bank Governors of the G20 member countries in formulating appropriate fiscal and monetary policies in order to solve world problems.I have high hopes on the Finance Ministers and Central Bank Governors of the G20.I wish this meeting would lead to concrete synergic and collaborative measures, that can be undertaken in no time, with tangible outcomes.

Recover together, recover stronger!

Thank You!May peace be upon you!