JAKARTA - The implementation of the 3rd G20 Development Working Group (DWG) Meeting on August 10-12 2022 in Bali has reached its end by emphasizing the importance of multilateralism to development funding.
Minister of National Development Planning (PPN)/Bappenas Suharso Monoarfa said the DWG is a place for G20 member countries to gather, prioritize multilateralism, share solutions that promote growth, remap development plans, and achieve the Sustainable Development Goals (SDGs). .
"The G20 has the knowledge, expertise and financial resources to reverse a trajectory that has gone off track. Let's make every effort to change course and build solid progress," said Suharso in a statement quoted by ANTARA, Saturday, August 13.
He revealed that the results of the 3rd DWG were finalized by narrowing the discussion of key documents, namely The G20 Roadmap for Stronger Recovery and Resilience in Developing Countries, Least Developed Countries, and Small Island Developing States.
Then, The G20 Principles to Scale-Up Blended Finance in Developing Countries, The G20 Ministerial Vision Statement: Multilateralism for SDGs Decade of Action, and the 2022 G20 Bali Update.
Suharso explained that the four documents and agreements that have been prepared in the series of DWG Meetings will be the foundation for discussing development cooperation in the G20 Development Ministerial Meeting which will be held in Belitung on September 7-9.
The DWG Meeting was held three times throughout 2022, namely the 1st DWG Meeting in Jakarta on February 24-25, the 2nd DWG Meeting in Yogyakarta on May 24-25, and the 3rd DWG Meeting in Bali on August 10-12 2022.
The DWG discussed the G20 strategy for mitigating the COVID-19 pandemic, MSMEs, SDGs, global health infrastructure, digital transformation, and sustainable energy transition, especially in developing countries.
Meanwhile, G20 DWG Chairman Scenaider Siahaan said DWG is also targeting to increase blended finance.
"That's what Indonesia also proposes, we formulate principles for blended finance. So, how to bring in funding, including from development funds, philanthropy, and the private sector to complement the state budgets for developing countries," said Scenaider.
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