Meeting The President Of The World Bank, Jokowi Emphasized The Importance Of A Fairer Financial System

President Joko Widodo held a meeting with World Bank President Ajay Banga at the Merdeka Palace, Jakarta, Monday (4/9/2023). BETWEEN/HO-Biro Press of the Presidential Secretariat

JAKARTA - President Joko Widodo conveyed to the World Bank the hope of developing countries to create a fairer global financial system.

"I am sure that President Banga (President of the World Bank Ajay Banga) is aware of various criticisms of the World Bank, including by the Secretary General of the United Nations regarding the lack of attention to the interests of developing countries," said President Jokowi during a meeting with World Bank President Ajay Banga at the Merdeka Palace, Jakarta, as reported by ANTARA, Monday, September 4.

Indonesia and other developing countries, said Jokowi, have high hopes for the World Bank to be able to realize a fairer global financial system.

"Indonesia and other developing countries have high hopes for you to realize a global financial system that is fairer for all, especially for developing countries," said Jokowi.

According to Jokowi, currently the global uncertainty situation has an effect on development in developing countries.

For this reason, said Jokowi, it is necessary to collaborate across stakeholders to deal with this situation.

"I want to explore the potential collaboration between the World Bank with Indonesia and ASEAN to answer these challenges," he said.

Jokowi also conveyed Indonesia's commitment to developing new and renewable energy (EBT).

He encouraged strengthening commitments to realize financing and investment in the energy transition and the green economy.

"We have made various breakthroughs, including the development of EBT and efforts to implement a carbon tax. However, not all countries can meet the needs of green financing," said Jokowi.