Becoming One Of The Founders Of ADB, Indonesia Encourages Four Issues Of Problem Solvement In The Region

Minister of Finance Sri Mulyani (left) met with ADB President Masatsugu Asakawa (Photo: Doc. Ministry of Finance)

JAKARTA - The Indonesian government, represented by the Minister of Finance (Menkeu) Sri Mulyani, revealed that Indonesia was one of the founding countries of the Asian Development Bank (ADB) in 1966.

According to the Minister of Finance, this was proven by Indonesia with the commitment to support the sixth largest share in the international organization.

Indonesia and ADB are very close. Currently, I am attending the 56th annual meeting of ADB in Incheon, South Korea," he said in a written statement on Wednesday, May 3.

The Minister of Finance explained that earlier this week he met with the President of the Asian Development Bank (ADB), HE Masatsugu Asakawa. He said, so far Indonesia and ADB have met and exchanged ideas about the Indonesian economy and also Asia.

At yesterday's meeting, there were four major topics that became our discussion. First, Indonesia's contribution to ADB. Second, an update on the Capital Adequacy Framework (CAF). Third, the energy transition mechanism. And the fourth is ADB support for the ASEAN Infrastructure Fund Recapitalization at the chairmanship of Indonesia times," said the state treasurer.

The Minister of Finance hopes that a number of these driven issues can play a productive role in solving problems in the region and bring a better level of welfare.

"Hopefully the relationship between Indonesia and ADB can continue to be maintained strongly and strengthen each other. From a bilateral meeting with the President of the Asian Development Bank, Masatsugu Asakawa. Incheon, May 3, 2023," closed the Minister of Finance Sri Mulyani.