BI Governor And Minister Of Finance Sri Mulyani Open Series Of G20 Finance Track Meetings In Bali

Governor of Bank Indonesia Perry Warjiyo (left) with Minister of Finance Sri Mulyani. (Photo: Doc. BI)

JAKARTA - The Governor of Bank Indonesia (BI) Perry Warjiyo together with the Minister of Finance (Menkeu) Sri Mulyani officially opened a series of meetings on the G20 finance track for the 2022 period.

BI Governor Perry Warjiyo said this initial meeting played an important role in ensuring the sustainability of the G20 leadership in supporting global economic recovery in both the short and long term, in line with the theme Recover Together, Recover Stronger.

"In maintaining sustainability and strengthening global collaboration, this meeting discusses various priority agendas in facing economic challenges," he said as quoted on the official website, Thursday, December 9.

According to Perry, the priority agenda for the finance track in Indonesia's G20 Presidency is very relevant to BI's duties as the central bank.

"Here we discuss various strategic issues, including international cooperation in normalizing monetary policy, implementing regulations in the financial sector that must pay attention to financial sector readiness, and digitizing payment systems, including the Central Bank Digital Currency (CBDC)," he said.

On the same occasion, Minister of Finance Sri Mulyani said that Indonesia's chairmanship at the G20 would be a place to show Indonesia's role in leading global forums to address various challenges and issues at the world level.

"Indonesia is determined to overcome the global challenges that will still arise and find the best solutions, ensure that all countries can recover together and encourage policy reforms that support stronger, sustainable, balanced and inclusive economic growth after the pandemic," he explained.

Therefore, continued the Minister of Finance, the Indonesian G20 Presidency will encourage the discussion of the six priority agendas in the financial line. First, coordination of exit strategy to support global recovery.

Second, efforts to deal with the effects of the pandemic (scaring effects) in the economy to support stronger growth in the future. Third, strengthening the payment system in the digital era.

Fourth, the development of sustainable finance (sustainable finance). Fifth, improving an inclusive financial system, and finally the international Tax agenda.

"The priority agenda and legacy issues of the Indonesian G20 Presidency are expected to balance the global agenda with domestic priorities and interests, as well as align the interests of various parties, both developed and developing countries," he stressed.

Meanwhile, the opening of this finance track meeting will be held in Bali from 9 to 10 December 2021. There are a number of important names participating in this agenda on a hybrid basis, including Italian Finance Minister Daniele Franco and Indian Finance Minister Nirmala Sitharaman.