Minister Of Finance Sri Muyani: Financial Intermediary Fund Commitment Reaches 1.28 Billion US Dollars

Minister of Finance (Menkeu) Sri Mulyani Indrawati at the Press Conference on the 3rd Results of the FMCBG G20 2022 in Nusa Dua, Badung, Bali/ANTARA

BALI - Minister of Finance (Menkeu) Sri Mulyani Indrawati stated that the commitment of the Financial Intermediary Fund (FIF) for the Prevention, Preparedness and Response (PPR) of the pandemic has so far secured around US$1.28 billion.

"This includes additions from several countries that have expressed their commitments at the Third Meeting of the Ministers of Finance and Governors of the G20 Central Bank (3rd FMCBG)," said Sri Mulyani at the Press Conference of the 3rd FMCBG G20 2022 Results in Nusa Dua, Badung, Bali, Antara, Saturday, July 16.

He detailed that the commitment came from the United States, the European Commission, Germany, Indonesia, Singapore, the United Kingdom, the Wellcome Trust, and The Bill and Melinda Gates Foundation.

Meanwhile, additional countries that delivered their commitments in two days of the 3rd FMCBG G20 2022 were Italy, China, United Arab Emirates, Japan, and Korea.

The 20 countries reaffirmed their commitment to using all available policy tools to address economic challenges in order to maintain financial stability and long-term fiscal sustainability.

On the global issue, which is one of the most important, especially since the last two years, namely the pandemic, Sri Mulyani said the G20 discussed the formation of the FIF for preparedness, prevention, and response to pandemics.

FIF is a concrete action to build a global health architecture and pandemic preparedness and response by ensuring adequate, sustainable and coordinated financing for post-pandemic recovery.

"We will continue to discuss the governance and operating arrangements of the FIF as the next step and hope it will be launched this year," said the Minister of Finance.