When Sri Mulyani Shares Indonesia's Economic Resilience To The G20 Countries

Finance Minister Sri Mulyani (left) with BI Governor Perry Warjiyo at the G20 India (Photo: Doc. Ministry of Finance)

Minister of Finance (Menkeu) Sri Mulyani revealed that Indonesia's economic performance remains resilient amid global economic shocks. This was conveyed by the Minister of Finance in the first session of the Meeting of the Ministers of Finance and the Governor of the G20 Central Bank in Gandhinagar, India this week.

"Six consecutive quarters of Indonesia's economic growth is consistently maintained at around 5 percent. The condition is quite good compared to several countries today," he said as quoted from the official website, Wednesday, July 19.

According to the Minister of Finance, the combination of fiscal and monetary policies is an important key to achieving this.

"One of them is through discipline towards fiscal consolidation after the last pandemic," he said.

In the first session, the Minister of Finance also discussed Indonesia's priorities in terms of the Indonesian Energy Transition Mechanism (ETM) and also the Pandemic Fund which was an initiative of the Indonesian G20 Presidency last year.

"We also continue to voice this issue in various multilateral forums such as the G20 and ASEAN," he said.

In line with the first session, the second session of the state treasurer also discussed the financing mechanism to realize sustainable development through Energy Transition Mechanism (ETM).

"Indonesia itself last year launched an ETM Country Platform which currently received funding of USD 500 million to accelerate the closure of 2 coal-fired power generation projects of 1.6 Giga Watt", he said.

Finally, the Minister of Finance also discussed the agenda of India's G20 Presidency, namely the Financing Cities of Tomorrow. He said that Indonesia is very supportive and appreciates this initiative, especially at infrastructure dialogue events.

"It is very important for us to be able to continue to build the world, but at the same time we also maintain the earth we live in," he concluded.