Sri Mulyani Appreciates China's Support In Establishing IFF

Minister of Finance Sri Mulyani Indrawati. (Photo: Doc. Antara)

JAKARTA - Indonesia Minister of Finance, Sri Mulyani, in a virtual bilateral meeting with Chinese Minister of Finance Liu Kun, Tuesday, July 12, appreciated China's support in establishing the Financial Intermediary Fund (FIF) mechanism.

The G20 priority agenda discussed with Minister of Finance Liu included global challenges facing the world, such as inflation, the food crisis, and the energy crisis, as a result of the pandemic.

"The Indonesian G20 presidency has pushed for the FIF mechanism for health management under the management of the World Bank, where WHO will also play an important role in this mechanism", Sri Mulyani said in her official statement, quoted by Antara, Wednesday, July 13.

Therefore, she hopes that at the next meeting of heads of state at the G20 Indonesia, Chinese President Xi Jinping can declare official support for the Panda Country for the formation of the FIF so that the world can be better prepared to face pandemic situations in the future.

Indonesia has donated 50 million US dollars to show Indonesia's leadership and seriousness in handling the pandemic better.

The State Treasurer also appreciated China's full support for Indonesia's G20 Presidency and invited both parties to continue their commitment to supporting the G20 priority agenda so that the world economy can recover better together.

Meanwhile, Minister of Finance Liu said that to maintain human health and life and to support Indonesia's G20 Presidency, China stated to support the establishment of the FIF for Pandemic Prevention, Preparedness and Response (PPR) at the World Bank.

"Reviewing the pandemic situation and the need to implement the current global development initiatives, China will actively consider contributing to the FIF and learn more about it", Liu said.

Minister of Finance Sri Mulyani and Minister of Finance Liu also agreed that food security is an important issue to discuss because of its significant impact on the world.

In addition, they agreed that the two countries have a great opportunity to cooperate in the fields of investment and trade, especially in strategic sectors such as infrastructure.

Indonesia and China have made many achievements over the past two years and look forward to strengthening bilateral relations between the two in the fields of investment and trade.