President Jokowi Calls for Collaboration Among G20 Countries in Fiscal Policy

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 17 Februari 2022
Category: News
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President Jokowi opens the 1st Finance Ministers and Central Bank Governors Meeting – G20 through video conference, Thursday (02/17). (Photo by: Pool/Antara)

Indonesia’s G20 presidency will encourage international synergy and collaboration in formulating fiscal and monetary policies to address global issues, according to President Joko “Jokowi” Widodo.

“Indonesia is eager to assume its G20 presidency’s role and contribute globally. Indonesia will encourage synergy and collaboration among finance ministers and the G20 central bank governors in formulating fiscal and monetary policies to address global issues,” President Jokowi said during the opening of the 1st Finance Ministers and Central Bank Governors Meeting – G20 through video conference from the Bogor Presidential Palace, Thursday (02/17).

He is optimistic that the meeting will generate concrete measures to be adopted immediately.

The Head of State underscored that the G20 member countries must create synergy and collaboration in facing global uncertainties. They must continue to work together to resolve several problems, such as increasing inflation, food scarcity, increase in food price, shortage of shipping containers, supply chain, and to prevent world hunger.

“We also have the task of carrying out transformation. We must speed up transition toward the new economy, speed up equitable digital transformation that can be accessed by all, and support recovery of MSMEs (Micro, Small, and Medium-sized Enterprises),” he added.

The G20 countries must collaborate to resolve global strategic issues through concrete and calculated measures that can resolve the issues and prevent the reoccurrence in order to achieve a more inclusive and sustainable economic growth.

“By upholding the spirit of recover together, recover stronger, Indonesia promotes discussion on global agenda. We must strengthen healthcare architecture, globally. We also need to facilitate and give financial support to speed up transition toward green economy and digital economic transformation,” he remarked.

On that occasion, President Jokowi reminded all that the pandemic is not over yet and no country can recover alone because all countries are connected.

“During the 2018 IMF–World Bank Annual Meeting, I said that the winter is coming. The winter is really coming right now. The pandemic is not over yet and we have to face economic shock. During the situation, no country can recover alone,” he said.

In that regard, creating new tension which disrupt global recovery and endanger people’s safety is not right amid this condition, he added.

“Currently, all parties must stop rivalry and defuse tension. We must focus on creating synergy and collaboration to safe and recover the world we live in, immediately,” he concluded.  (DND/UN) (RAS/MMB)

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