RI Achieves Investment Commitment Rp125 Trillion From The G20 Summit

Illustration (Photo: Doc. Antara)

Investment Minister Bahlil Lahadalia said Indonesia managed to pocket around US$8 billion (equivalent to Rp125 trillion, exchange rate of Rp15,600) investment commitments from this year's G20 Summit series.

However, this figure is predicted to continue to increase because there are still a number of agreements that have not been officially signed.

"The investment commitment that has been signed is approximately around 7 to 8 billion US dollars, but there are approximately 10 billion US dollars that cannot be signed but there is already an understanding and I do not want to announce the 10 billion because it has not been signed," said Bahlil Lahadalia, quoted from Antara, Thursday, November 17.

He explained that the investment commitments received by Indonesia came from a number of countries such as South Korea, China, and several European countries.

"The details will be when we sign the Head of Agreement (HoA)," added Bahlil Lahadalia.

Previously, he revealed that during the series of G20 Summits in Bali, he had held bilateral meetings with a number of countries and a number of companies in various sectors.

He even said he could meet 9-10 investors per day.

The G20 Summit has produced a Bali Leaders Declaration or Bali Declaration as well as a series of action plans with concrete aims.

There is also a G20 Action for Strong and Inclusive Recovery document containing a list of projects and is a concrete delivery of various discussions and negotiations carried out during the G20 Indonesian Presidency.

Indonesia's G20 also produced several concrete results, for example the formation of a Pandemic Fund which raised 1.5 billion US dollars, then the formation and operationalization of resilient and sustainability trust under the IMF amounted to 81.6 billion US dollars to help countries that are facing the crisis.

In addition, energy transition mechanism, especially for Indonesia in obtaining commitments from the just energy transition program in investment, billion US dollars.