Sri Mulyani Says G20 Pushes Digital Infrastructure Improvement

Minister of Finance Sri Mulyani. (Photo: ANTARA)

JAKARTA - Minister of Finance Sri Mulyani Indrawati emphasized that the G20 Presidency of Indonesia encourages massive digital infrastructure improvements at the global level to facilitate digital transformation.

"However, there are several challenges in improving digital infrastructure," Sri Mulyani said as quoted by Antara, Friday, June 10.

Sri Mulyani said, there are several challenges in developing digital infrastructure such as related to integrated and innovative public and private financing schemes.

Then, it also ensures the readiness of a supportive domestic environment and an attractive financial framework that can afford investment.

According to him, one of the efforts to find solutions to these challenges is to hold a meeting of the G20 infrastructure working group which is part of the third Infrastructure Working Group (IWG).

The IWG meeting which was held in a hybrid manner on 9-10 June 2022 in Nusa Dua, Bali was attended by several delegates from member countries and international organizations including Sri Mulyani.

The first day of this meeting discussed three agendas, namely sustainable infrastructure investment, social inclusion and regional inequality and transformative infrastructure after the pandemic.

There are several reports to support the completion of deliverables that have been completed and presented by international organizations including the Report on Advancing The Environment and Data for Sustainable Infrastructure Financing by the OECD.

In addition, the Report on Infrastructure Transition Pathways by GI Hub was also submitted to support the IWG agenda related to sustainable infrastructure investment.

Meanwhile, some of the challenges of increasing digital transformation that were discussed were related to gaps, especially from the regulatory aspect, the role of the public and private sectors as well as innovative financing structures.

The second day of the IWG meeting discussed three other agendas, namely Quality Infrastructure Investment (QII) indicators, digital infrastructure and InfraTech and GI Hub governance.

Specifically for QII and InfraTech indicators, it is hoped that they will be finalized and get endorsements at the meeting of the Minister of Finance and Central Bank Governors (FMCBG) in July 2022.