Officially As G20 President, Indonesia Starts Virtual International Conference Series

JAKARTA - The government through the Ministry of Finance (Kemenkeu) is said to be holding an International Conference on "Resilient and Sustainable Economic Recovery" as part of preparations for Indonesia's G20 Presidency in 2022 after receiving the baton from Italy at the end of last October.

Head of the Fiscal Policy Agency of the Ministry of Finance, Febrio Kacaribu, said that this conference was an effort to explore policies to promote productivity, increase resilience and stability, ensure inclusive and sustainable growth, and promote environmental issues as a strategic pillar next year.

“The G20 Forum is a strategic forum to discuss solving various global economic, financial, and development challenges. Therefore, every issue related to these challenges needs to be included in the discussion agenda," he said in an official statement on Wednesday, November 10.

Through the theme "Recover Together, Recover Stronger", Febrio revealed that there were three main discussions at this international conference. The first is how digital transformation can increase productivity.

Digital infrastructure is considered to have a strategic contribution as a driver in accelerating economic recovery and overcoming global inequality due to the digital divide," he said.

Second, improving the quality of human resources after COVID-19. He said the pandemic had caused a deep global economic disruption, both on the production and consumption sides.

“Of course this disruption has an impact on high unemployment rates and low investment and productivity. If not handled properly and in a timely manner, these impacts will leave long-term scars and hinder the path to strong and resilient economic growth in the future,” he explained.

Three, is sustainable finance in order to encourage inclusive growth. The Indonesian government and other countries see that future growth must not only be resilient but must also be sustainable.

“Fiscal policy and the financial sector must be able to play an important role in the transition to a low-carbon economy. Efforts to achieve a greener transition can be made through the mobilization of sustainable financing,” he said.

The conference itself is scheduled to take place on Thursday, November 11, 2021, attended by Minister of Finance (Menkeu) Sri Mulyani and Governor of Bank Indonesia (BI) Perry Warjiyo. In addition, related officials, academics, and representatives of friendly countries will also participate in this conference.