JAKARTA - The government through the Ministry of Finance (Kemenkeu) stated that at least US$10 billion a year is needed to respond to pandemic preparedness around the world.
Minister of Finance (Menkeu) Sri Mulyani said that the number was very large and a comprehensive scheme was needed so that the effectiveness of handling the pandemic could be better.
"That's why in this G20, we are also pushing for discussions that have been supported during the Saudi G20 Presidency and then taken over by Italy, about how we will be able to prevent it by preparing what we call the Pandemic Preparedness Response (PPR)," he said in an official statement. quoted Monday, June 6th.
According to the Minister of Finance, Indonesia's G20 Presidency is currently establishing a Financing Instrument Facility (FIF) which requires substantial commitments from many countries to contribute.
"Indonesia's initiative to continue the establishment of the Financing Instrument Facility has the support of the Islamic Development Bank (IsDB) and we have agreed to collaborate," he said.
The Minister of Finance added that the presence of COVID-19 has caused many countries to learn how to respond appropriately if the world is again faced with the next pandemic. To that end, the Indonesian G20 Presidency will not only discuss the global health architecture, but also financing and governance.
"Not only in the health and financial sectors, the Islamic Development Bank also agreed to increase cooperation with the G20 in the digital technology sector, as well as sustainable financing for climate change," he said.
On this occasion, the state treasurer officially invited the President of the IsDB to be present at the G20 meeting to strengthen relations and address issues of global threats and challenges.
“We took the initiative to invite IsDB as a guest in the G20 Indonesia Presidency. We hope this will become permanent for the IsDB to attend the G20 like other invited multilateral institutions," closed the Minister of Finance Sri Mulyani.
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