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Indonesia sets six priority agendas for G20 Finance Track
The six agendas will set the tone for talks among the world's largest economies for a year.
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Bank Indonesia governor Perry Warjiyo (left) and Finance Minister Sri Mulyani Indrawati (right) give a statement on the start of the Finance Track in Indonesia's G20 presidency in Bali on Dec. 9. (Finance Ministry/Public relation team)
Indonesia launched on Thursday the Group of 20 Financial Track, highlighting six priority agendas revolving around the pandemic recovery, climate change and digitalization, setting the tone for economy-related discussions among some of the world's largest economies over the coming year.
The six are: exit strategies to support recovery, addressing the scarring effect to secure future growth, payment systems in the digital era, sustainable finance, digital financial inclusion and international taxation.
“We want to have a tangible and substantive outcome from this G20 meeting,” said Finance Minister Sri Mulyani Indrawati during a virtual press conference.
The six agendas set the tone for talks related to economic, fiscal and monetary matters within the club of 20 major economies over the course of Indonesia's one-year G20 presidency, which officially started Dec. 1.
The first two agendas are an extension of the two previous G20 chairs' (Italy and Saudi Arabia) efforts to coordinate a global economic recovery following the COVID-19 pandemic. Sri Mulyani highlighted, among other things, the need to address uneven economic recovery, prevent spillover effects from normalizing monetary policies and bolster the role of multilateral agencies such as the International Monetary Fund (IMF).
Read also: Collaboration ‘key’ as Jokowi kicks off G20 presidency
“In efforts to control inflation, we could talk in this G20 forum so it would not cause huge damage for the rest of the world,” Sri Mulyani said.
