Airlangga Hartarto Affirms The Focus Of The G20 Is On Global Economic Recovery So That No One Is Left Behind

Coordinating Minister for the Economy Airlangga Hartarto with Singapore's Minister of Foreign Affairs, Vivian Balakrishnan. (photo: dok econ.go.id)

JAKARTA – Indonesia's G20 presidency in 2022 aims to provide a global economic recovery that is shared by all. Indonesia asks G20 members to strengthen multilateralism and build more effective global partnerships.

Coordinating Minister for the Economy Airlangga Hartarto at the 3G (Global Governance Group) Dialogue in Singapore, Tuesday 31 May, encouraged G20 members to work together to balance interests across diverse memberships and ensure no one was left behind.

In an official statement received in Jakarta, Wednesday, June 1, the General Chairperson of the Golkar Party said that the G20 Indonesia Presidency will focus on three global and national priority areas to realize a joint and stronger economic recovery. For example, strengthening the global health architecture, transforming the digital-based economy, and accelerating the energy transition.

At this G20 Presidency, Indonesia is open to partner support to produce pilot projects or lighthouses and economic cooperation, especially in the field of energy transition, development of market-friendly financing schemes with international best practices, as well as providing funding.

Furthermore, regarding the acceleration of the energy transition, there are three priorities under the G20 to achieve net zero emissions globally by the middle of this century, namely securing energy accessibility, increasing smart and clean technology, and advancing energy financing.

“Given the energy sector is the source of about three quarters of greenhouse gas emissions, the G20 framework to guide the transition of major economies is a major and systemic step forward for the global economy, including strengthening coordination and coherence with the G20 financial pathway agenda, " he said.

Airlangga assessed that the collaboration with the financial channel aims to provide a transitional financial and investment framework. In addition, it is also necessary to enhance the transition action across the sherpa pathway.

The dialogue session was attended by more than 20 ambassadors as representatives of 3G (Global Governance Group) members, moderated by the Minister of Foreign Affairs of Singapore, Vivian Balakrishnan, and as other resource persons were representatives of the Troika G20 from India and Italy.