Indonesian G20 Presidency Produces Bali Leaders’ Declaration
Indonesia’s G20 Presidency has successfully produced the G20 Bali Leaders’ Declaration.
“Indonesia’s presidency has succeeded in producing the G20 Bali Leaders’ Declaration, which was initially doubted by many parties,” President Joko “Jokowi” Widodo said at the G20 Bali Media Center, BICC, Badung regency.
According to the President, the declaration—which consists of 52 paragraphs—contain one highly debated paragraph regarding the statement towards the war in Ukraine.
Nevertheless, through a long discussion, the G20 leaders agreed to condemn the war for it violates territorial boundaries and a nation’s integrity, he added.
“The war has caused people’s suffering and exacerbated global economy that is still fragile due to the pandemic which poses risks to food, energy, and potential financial crises,” he said.
On that occasion, President Jokowi also pointed out that the Summit also produced several concrete achievements that include, among others, pandemic fund establishment, which to date has managed to collect US$1.5 billion, as well as establishment and operation of the Resilience and Sustainability Trust (RST) under the International Monetary Fund (IMF) amounting to US$81.6 billion to help countries in crisis.
The Summit also produced an outcome related to the energy transition mechanism in which Indonesia received a commitment from the Just Energy Transition Partnership (JETP) of US$20 billion.
“A shared commitment to protect at least 30 percent of the world’s land and 30 percent of the world’s oceans by 2030. This is very good. And we will continue the commitment to reduce land degradation by 50 percent by 2040 on a voluntary basis,” he remarked. (TGH/UN) (GWH/EP)