JAKARTA - The Government through the Expert Staff for Macroeconomics and International Finance at the Ministry of Finance, Wempi Saputra, said that Indonesia was focusing on three priority agendas in the G20 president.
The three agendas are a global health architecture, digital economic transformation, and a sustainable energy transition.
In the financial path led by the Ministry of Finance and Bank Indonesia, the G20 RI Presidency will present six priority agendas, namely an exit strategy to support a fair recovery, discussion of the scarring effect to secure future growth, payment systems in the digital era, sustainable finance, financial inclusion, and international taxation.
Wempi explained that the exit strategy to be discussed is a coordination of short-term economic recovery policies.
"This is a coordination at the G20 forum, including developed countries, developing countries, and poor countries how to make this exit strategy well-coordinated, communicate well, to carry out short-term economic recovery," he said virtually at the 2nd FCBD Media Briefing. and 1st FMCBG G20 quoted Tuesday, February 15.
Wempi added that in addition to the exit strategy, Finance Track also discussed the scarring effect of strategies to deal with pandemic wounds in the medium and long term. This wound, for example, in the form of decreased productivity and investment, as well as the number of unemployed.
"This condition is one example of the wounds caused by the pandemic that must be overcome by all countries and need very good communication," he said.
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Meanwhile, the priority agenda that is also discussed in the Finance Track is the payment system in the digital era related to international trade transactions between countries and digital currency. Then, sustainable finance will also be the focus of discussions related to climate change.
“The focus is how a transition to a green economy can be more just and affordable, adjust and affordable. For developing countries, they need a transition or framework to get to a green economy transition and how to access markets for investments leading to a green economy,” he explained.
On the other hand, financial inclusion is also an important topic of discussion in the G20. Financial inclusion will be activated to help finance MSMEs.
“In the digital era, many of these policies have been continuously pushed. We will try to maximize the discussion in this financial inclusion," he said.
For information, a series of G20 forums titled 2nd Finance and Central Bank Deputies (FCBD) and 1st Finance Ministers and Central Bank Governors (FMCBG) will be held today, February 15 to February 18.
This meeting is used as a place to discuss and coordinate macro policies in a global scope. The existence of this G20 forum has a strategic role to encourage the development of a strong, sustainable, balanced, and inclusive global economy.
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