JAKARTA - Minister of Finance (Menkeu) Sri Mulyani took the time to hold a bilateral meeting with the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva in a series of official visits to the United States this week.
It was stated that the two were involved in discussions discussing global economic issues, the G20 issue, and climate change mitigation efforts.
"Me and Director Kristalina also talked about the increasing global economic risks and agreed that it is necessary to mobilize various efforts to mitigate," he said in a written statement today, Wednesday, October 12.
The Minister of Finance emphasized the importance of the IMF's role in maintaining economic stability, especially in maintaining inflation and protecting vulnerable communities.
"Especially for the Indonesian economy, the Director of Kristalina expressed her appreciation for our economic resilience amid global pressure," he said.
According to the Minister of Finance, in accelerating global economic recovery, the IMF needs to use various instruments it has, including monitoring, funding, capacity building, and loans.
Especially for food security, he continued, Indonesia hopes that the IMF will focus more on protecting vulnerable countries from the impact of rising prices, including launching world distribution and fertilizer.
"IMF also needs to continue to help vulnerable countries related to funding policies such as the Special Drawing Rights (SDR) channeling," he added.
Regarding the G20, Indonesia invites the IMF to support various priority agendas of Presidency, including strengthening the global health architecture and implementing the Common Framework. Then for climate, the Minister of Finance said that Indonesia's efforts in dealing with climate change require large amounts of funds.
"Here, financing from the IMF can also be channeled into Indonesia's energy transition efforts through the Indonesian Energy Transition Mechanism or Indonesia's Energy Transition Mechanism Country Platform," he said.
For information, Sri Mulyani is not a new person in the IMF environment. From 2002 to 2004 she had occupied an important seat in this organization as Executive Director. Sri Mulyani was also noted to have served as the Managing Director and Chief Operating Officer (COO) at the World Bank for the 2010-2016 period.
"IMF support to mobilize other climate change funding sources can also help meet Indonesia's target of reducing greenhouse gas emissions as stated in the Nationally Determined Contribution," concluded Mekeu.
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