G20 Promotes Sustainable Finance Improvement For 2030 Agenda

JAKARTA - The G20 Sustainable Finance Working Group (SFWG) encourages the strengthening of public and private sector synergies in order to improve sustainable finance to meet the goals of the 2030 Agenda and the Paris Agreement. Expert Staff of the Minister of Finance for Macroeconomics and International Finance Wempi Saputra highlighted the role of the private sector in mobilizing finance affordable sustainable finance considering the limited fiscal capacity in the current global crisis. "The fiscal capacity of countries in the current global crisis is currently limited," he said in Jakarta, Saturday, April 40. One of the efforts to mobilize the role of the private sector is through the G20 Sustainable Finance Private Forum. Sector Roundtable. In this forum the private sector shares thoughts on voluntary practices to help financial institutions (FIs) develop and meet transition plans and create a broader enabling environment. In addition, the private and public sectors also discuss tools and policies In addition, the private sector also discussed the role of digital finance and public sector mechanisms in developing countries to increase access to sustainable financial markets. Furthermore, private sector representatives highlighted several areas potential work to help accelerate the improvement of sustainable finance. Measures to accelerate the improvement of sustainable finance include the interoperability of the alignment approach, data availability and quality, transparency disclosure of transition plans and the role of the public sector in providing incentives.