JAKARTA - Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance, Febrio Kacaribu, said that Indonesia is one of the few large countries that has successfully managed the risk of COVID-19 well.
According to Febrio, Indonesia's success in the pandemic situation can also be seen from the accuracy of economic decision-making, fiscal management, and providing social protection for the community.
In his notes, Indonesia 'only' contracted by minus 2.1 percent in 2020 when other countries experienced negative growth to double digits or even minus 22 percent.
"Indonesia is one of the countries that has been most successful in managing the pandemic, both financially, economically and protecting its people. We learn a lot with the existing limitations to be able to produce good governance and outcomes for the community", he said in a virtual discussion on Thursday, April 7.
Febrio added, that this then brings its own advantages for Indonesia's leadership in this year's G20 forum.
“This posture in the global world has made Indonesia a respected country. So when we become the G20 Presidency, we really have strong credibility", he stressed.
Sri Mulyani's subordinates then explained the three important agendas that were carried by RI in the G20. First is the health sector by initiating the establishment of Global Preparedness for Pandemic, which is a collective international fund to overcome pandemics and accelerate future vaccine production.
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"Hopefully at the end of the G20 period we can issue some kind of financing scheme from developed countries and developing countries so that the pandemic problem can be overcome quickly", he said.
Second, accelerating the process of digitizing the economy, especially by encouraging micro, small and medium enterprises (MSMEs) to enter the virtual ecosystem.
"We have a lot of potential for SMEs, e-commerce, also supported by the middle class. All of these have the potential to attract investors to build digital infrastructure in Indonesia", he said.
Then the third is mitigation efforts on the issue of environmental change. Febrio revealed that Indonesia is very serious about working on this agenda. This is because Indonesia has tens of thousands of islands that are very sensitive to sea-level rise.
"For that, we encourage decarbonization of power plants, the majority of which are still fossil fuels. Through this issue to the global level, there will be an investment for green projects, which means the flow of funds will go to Indonesia", closed Febrio.
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