Gov’t Ready to Hold G20 Presidency Next Year
Date 14 September 2021
The Indonesian Government is preparing to hold the G20 Summit in 2022. The Presidency will be officially handed over by the Italian Prime Minister to Indonesian President Joko “Jokowi” Widodo at the G20 Summit which will be held in Rome, Italy, on 30-31 October.
“President Jokowi will attend the closing of the G20 Summit in Rome on 30-31 October to officially accept the handover of the G20 Presidency from the Italian PM to the President of the Republic of Indonesia,” said Coordinating Minister for Economic Affairs Airlangga Hartarto in a press statement on Indonesia G20 Presidency in 2022, Tuesday (14/9).
Indonesia’s G20 Presidency will officially start on 1 December 2021 until 30 November 2022. Since this forum was established in 1999, this is the first time for Indonesia to hold the G20 Presidency.
In this presidency, Indonesia will carry the theme “Recover Together, Recover Stronger”.
“There are at least three major benefits that can be obtained by Indonesia, both in terms of economy, social development, and politics,” said Airlangga who was appointed as Chair I for the Sherpa Track.
On the economic aspect, the visit of the G20 country delegations will be able to increase domestic consumption, increase Gross Domestic Product (GDP) as well as to absorb labor.
“In the economic aspect, some of the direct benefits are an increase in domestic consumption which is estimated to reach Rp1.7 trillion, an increase in GDP of up to Rp7.47 trillion, and the involvement of a workforce of around 33,000 people in various sectors,” said Airlangga.
He added that the event is expected to provide greater economic benefits than that of the International Monetary Fund (IMF)-World Bank Annual Meeting in Nusa Dua, Bali, back in 2018.
“It is expected that the economic benefits will be 1.5 – 2 times larger than that achieved at the IMF-World Bank meeting in 2018, because this event has around 150 meetings for one year or for 12 months,” he said.
In addition, this meeting can also be used as a momentum for Indonesia to showcase the success of structural reforms, including the issuance of the Job Creation Law and the Sovereign Wealth Fund (SWF).
“Surely this will boost confidence from global investors to accelerate our economic recovery and encourage mutually beneficial global partnerships,” he said.
Meanwhile, from the aspect of social development, Indonesia has the opportunity to promote topics related to vaccine production and distribution.
“We continue to push vaccine issue to become a global public good and also accessibility for the people of Indonesia and low-income developing countries,” he said. (DND/AIT/UN) (EST/MMB)