Invitations for Globally Impactful Startups on G20 Digital Innovation Network

Global crises like pandemics, endemic, climate change, and war conflicts are putting us into tight situations. To face the global impact challenges, cooperation or collaboration from various sectors (including the governments from various countries) is needed. 

That is why G20 Digital Innovation Network can be an answer for these crucial situations. It is a premiere forum to share knowledge, encourage discussion, and build partnerships among global innovation players to help find solutions for global crises.

Nowadays, seven out of the ten biggest companies in the world come from the technology sector. These startups bring technological innovations and tangible impact on the world economy and encourage collaboration between stakeholders and policies to make these solutions more accessible and scalable. Therefore, the G20 Digital Innovation Network chose The Rise of Digital Economy: Post-Pandemic Recovery and Beyond as the main theme.

This forum was initiated by Italy in 2021 under the name G20 Digital Innovation League by selecting the ten best startups: ACT Blade, Biomicrogels Group, Dott, Ntechlab, Nalagenetics, Poka, Ruangguru, Sansure, Virtuo, and Zerynth. However, the name has changed to G20 Digital Innovation Network this year. The forum aims to find the 100 most promising startups in 5 priority sectors: Healthcare, Renewable Energy, Smart Society, Financial Inclusivity, and Supply Chain.

The G20 Digital Innovation Network will be organized in a hybrid format; via online, and offline at Bali on 2-4 September 2022. This event will be inviting digital startup industry players and stakeholders, including policymakers. This forum will offer a variety of event sessions, including startup pitches, keynote speeches, panel discussions, cultural events, 1-on-1 business meetings, and world-class networking sessions.

The essence of this forum is to build a network between the public and private sectors. The G20 Digital Innovation Network creates a digital platform to ease the introduction, communication, and collaboration between startups, venture capitalists, corporations, and policymakers.

It is crucial to foster the spirit of global collaboration, considering that securing future global economic growth and prosperities are in the G20 countries’ strategic role. Since G20 members represent more than 80% of the world’s GDP, 75% of international trade, and 60% of the world’s population, the local strength of the collaboration of these countries is indeed globally impactful.

Step up and join the G20 Digital Innovation Network. Learn more at 

G20 Finance Ministers and Health Ministers Agree to Support Financial Intermediary Fund for Pandemic PPR

Yogyakarta, June 21st, 2022 – The Ministry of Health and the Ministry of Finance of the Republic of Indonesia held the 1st G20 Joint Finance and Health Ministers’ Meeting (JFHMM) under the Indonesian G20 Presidency on a hybrid basis on June 21st, 2022. Minister of Health H.E. Budi Gunadi Sadikin and Minister of Finance H.E. Sri Mulyani Indrawati chair the Meeting’s session.

Attended by G20 members, invitees, and international organizations (IOs), JFHMM aimed to seek guidance from the G20 Finance and Health Ministers on some progress achieved by the Joint Finance and Health Task Force (JFHTF), among others: i) A Financial Intermediary Fund (FIF) for Pandemic Preparedness, Prevention, and Response (PPR); and ii) Developing Finance and Health coordination arrangements for pandemic preparedness, prevention, and response (PPR). The result from the JFHMM discussion today will serve as a basis for discussions at the next Finance Ministers and Central Bank Governors’ (FMCBG) Meeting next month and to be followed up at the next JFHTF meeting.

In October 2021, G20 Leaders agreed that financing for pandemic PPR has to become adequate, more sustainable, and better coordinated by exploring new financing mechanisms. As mandated by G20 Leaders, the JFHTF reported to the 1st JFHMM under the Indonesian G20 Presidency. A Finance & Health Coordination Platform for Pandemic PPR Financing (Coordination Platform) can serve this purpose and provide valuable insights on the optimal allocation of financing resources for pandemic PPR. The G20 Finance and Health Ministers expressed support for a standing, scalable G20 collaboration model that can be gradually and selectively broaden beyond the G20 membership.

On the new financing mechanism, most Finance and Health Ministers agreed on the need for a new multilateral financing mechanism dedicated to addressing pandemic PPR financing gaps. Members welcomed the recent progress in establishing a Financial Intermediary Fund (FIF) housed at the World Bank, and will continue to discuss the governance and operational arrangement of the FIF ahead of the G20 Leaders potentially endorsing the FIF at their Summit in November.

In line with President Joko Widodo’s direction, Indonesia as the G20 Presidency prioritizes the global health sector agenda. In this context, Indonesia, as G20 Presidency committed to delivering concrete deliverables that supports and contributes to the FIF establishment proposal. Minister Sri Mulyani Indrawati, in her remarks, stated, “I am pleased to announce a commitment of almost USD 1.1 billion has been secured for the Financial Intermediary Fund for pandemic prevention, preparedness and response.” Minister Mulyani also reminded about the spirit of inclusiveness in handling the global pandemic. “Of utmost importance is inclusivity so that our efforts are joined up between Finance and Health Ministries in both developed and developing countries. Only then, can we be effectively prepared to tackle the next global pandemic together.” said Minister Mulyani. “I would like to acknowledge the central role of the WHO in fighting pandemics, and the importance of including the voice of developing countries in our institutional arrangements to create the most effective system for pandemic prevention and response.” Minister Mulyani affirmed.

On the broader issue of PPR coordination arrangements, Members generally agreed on the need for enhanced coordination between Finance and Health Ministries to be better prepared for future pandemics. Members are looking forward to further deliberations on the coordination arrangement between Finance and Health.

In line with the Minister of Finance, Minister Budi Gunadi Sadikin mentioned, “Since its establishment, the G20 Joint Finance-Health Task Force has made progress in carrying out its mandate and promoting collective action to respond to the pandemic and contribute towards a stronger Global Health Architecture. I am confident that together, we will achieve concrete results by October, which includes the establishment of the FIF and coordinating platform collaboration.”

Minister Budi emphasized the distinctive aim of the FIF, which is to improve pandemic prevention, preparedness, and response globally. And the crucial next step is to define the investment priorities of the FIF.

“Health is like money, we never have a true idea of its value until we lose it. This pandemic has awakened us to the importance of both health and the economy, as well as the interdependence between the two. Today marks important progress of a stronger synergy between the finance and health sectors to prevent, prepare, and respond to future pandemics. Let us continue this crucial partnership to create health and prosperity for all.”

G20 EDM-CSWG Second Meeting Produces Pre-Zero Draft Ministerial Communique

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Jakarta , June 21, 2022 – On June 21, 2022, the G20 member countries’ Second Meeting of the Environment Deputies Meeting and Climate Sustainability Working Group (2nd EDM-CSWG) in Jakarta came to an official conclusion.

At the press conference following the conclusion, Laksmi Dwanthi, Director-general of Climate Change Control for the Ministry of Environment and Forestry, stated that this second meeting in Jakarta was crucial. This second meeting acted as a mediator between the first meeting in Yogyakarta and the final meeting in Bali next August which will discuss the Ministerial Communique.

In preparation for the Ministerial Communique in August, 19 workshop sessions on the environment and climate change have been held.

“The meeting has produced a document called pre-zero draft, an initial document that will be discussed continuously until the Ministerial Communique of Environment and Climate and Sustainability is produced in August,” said Laksmi.

Laksmi said that several meetings will be held in the wake of the pre-zero draft communiqué, leading up to a ministerial-level conference in Bali. We currently only have a pre-zero draft of the Communique; thus, we are unable to disseminate it. We will have a series of discussions and negotiations for the Communique, until the third meeting at the end of August in Bali,” according to Laksmi.

The Communique will contain elements or paragraphs that reflect the commitment. Laksmi presented an illustration, saying that the G20 is committed to stepping up efforts to control climate change in order to ensure the global average surface temperature does not rise or exceed 1.5 Celsius. The commitment to urge developed countries to fulfill their pledge or promise to provide funding for developing countries is another commitment that has been made.

According to Laksmi, “This communique represents the topics covered during the meeting and the G20 nations’ wishes to be communicated in this EDM-CSWG as a commitment, a call, and as a plan for the future.” According to Laksmi, by holding the presidency, Indonesia has the chance to set the G20’s big agenda which includes: (1) contribution to the global health architecture, particularly given that Indonesia

assumed the presidency during the COVID-19 pandemic; (2) digital transformation to support economic growth; and (3) energy transitions.

“Indonesia gets the chance to present and speak Indonesian agendas that will later be adopted or accepted as the agenda of the G20 countries thanks to the inclusion of these three themes, which were later explained in each Working Group. The national-level initiatives that Indonesia has already undertaken will be introduced, duplicated, and worked on in conjunction with several countries, including partner countries and those outside of the G20. This is an excellent chance for Indonesia to demonstrate its leadership in numerous environmental and forestry preservation agendas,” said Laksmi.

According to Sigit Reliantoro, Director-general of Pollution and Environmental Damage Control for the Ministry of Environment and Forestry, this second meeting’s EDM section covered topics like Land Degradation, Halting Biodiversity Loss, Integrated and Sustainable Water Management, Resource Efficiency and Circular Economy, Marine Litter, Ocean Conservation, and Sustainable Finance.

Meanwhile, the CSWG section discussed three issues: (1) what is the role of co-benefits between mitigation actions and adaptation actions in preparing a condition or community that is climate resilient; (2) how to strengthen specific partnership actions and cooperation for sustainable marine management initiatives; and (3) how to encourage and accelerate the implementation of NDCs with sustainable approaches or transitions from current conditions to low carbon and climate-resilient conditions.

“By observing the conference’s progress, we gained a better understanding of the issues and the ways in which the interests of these G20 countries may be combined. There aren’t many notes that contradict one another about land degradation; there are a number of issues related to the similarity of targets, and more ambitious targets, both of which need to be synchronized with the needs of developed and developing countries,” said Sigit.

Sigit continued, that EDM has an agenda from President Joko Widodo’s policies addressing peat and mangrove restoration which are pushed to be included in the G20 agenda.

“We will support what Indonesia already has, such as regulations, technical expertise, and concrete results of our work that we can share, especially with countries with tropical peat ecosystems. However, this idea is also welcomed by peat-rich countries with a moderate climate,” said Sigit.

Although peatland and mangroves make up just 3% of the earth’s surface, they serve amazing roles since they can absorb four times as much CO2 as regular tropical forests, in his opinion, making their restoration a crucial concern.

“Peat areas also serve as water regulators, and mangroves help to reduce disasters like tsunamis and other similar events. It is significant for the entire globe, not just Indonesia,” said Sigit.

Indonesia Shows Leadership in Environmental Management, Climate Change Control at EDM-CSWG

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Jakarta, 20 June 2022 – In this year’s G20 Presidency, Indonesia demonstrated leadership and high commitment to various strategic issues, particularly environmental management and climate change control. The issues were discussed at the G20 Environment Deputies Meeting and Climate Sustainability Working Group (EDM-CSWG).

The leadership in the EDM-CSWG meeting was reflected in the support of the member countries, invited countries, and international organizations to priority issue recommendations presented by Indonesia.

The first EDM-CSWG meeting was held in Yogyakarta last March. Meanwhile, the second meeting was conducted in Jakarta from 19 to 22 June 2022. The number of delegates at the second EDM-CSWG was higher than at the first.

Laksmi Dhewanthi, Environment and Forestry Ministry’s climate change control director-general and the 2nd EDM-CSWG chair said at the opening on 20 June that 196 delegates attended the second meeting ranging from G20 member countries through invited countries to international organizations.

“A total of 120 delegates attend the meeting physically in Jakarta and other 76 delegates participate virtually,” she said.

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Sigit Reliantoro, Environment and Forestry Ministry’s environmental pollution and damage control (PPKL) director-general and the meeting co-chair, explained that after the first meeting in Yogyakarta, Indonesia had received inputs on discussion studies for EDM-CSWG. Sigit expressed his appreciation for the input and participation of the delegates.

“We appreciate and are grateful for your valuable input which we received after the first EDM-CSWG meeting,” he said.

The strategic function of EDM-CSWG agenda for Indonesia is to show the world the country’s commitment to environmental management and sustainable climate change control.

The EDM-CSWG raised three priority issues that would be the focus of discussion at each meeting. The issues included (1) supporting a more sustainable recovery; (2) enhancing land and sea-based actions to support environmental protection and climate objectives; and (3) enhancing resource mobilization to support environmental protection and climate objectives.

The three priority issues and the main missions of the EDM-CSWG would be discussed and included in a collective G20 commitment through the adoption of a G20 Ministers of Environment and Climate Change Communiqué as the main document of the results of the meeting. This Communiqué is planned to be adopted at the G20 Environment and Climate Change Ministerial Meeting on 31 August 2022 in Bali, Indonesia.

In this second EDM-CSWG, the Building Blocks that make up the Minister’s Communiqué would be discussed. In the Environment Deputies Meeting (EDM), several topics that would be discussed included Land Degradation, Halting Biodiversity Loss, Integrated and Sustainable Water Management, Resource Efficiency and Circular Economy, Marine Litter, Ocean Conservation, and Sustainable Finance. In the Climate Sustainability Working Group (CSWG) section, three studies were discussed, namely: (1) the role of mitigation-adaptation co-benefits to create a more resilient future for all; (2) the acceleration of NDC Implementation and sustainable transition toward a future of low GHG emissions and climate resilience through the utilization of carbon economic value; and (3) actions and partnerships reinforcement for sustainable marine initiatives

Yogyakarta Taman Sari Water Castle: Manifestation of Global Health System

Yogyakarta, June 20, 2022 – Minister of Health of the Republic of Indonesia, Budi Gunadi Sadikin opened the 1st G20 Health Ministers Meeting in Yogyakarta on Monday, June 20. The meeting’s agenda was “Strengthening the Global Health Architecture”.  He likened the philosophy of global health system to the Yogyakarta Taman Sari Water Castle.

The G20 Health Ministers Meeting was held near the water castle which was built in the 18th century. The castle was first built to serve as a park complex for the Sultan to work, meditate, and rest.

Taman Sari also functioned as a castle for the sultanate family to hide, go into seclusion, and defend themselves during critical times.

Minister Budi said that Taman Sari’s history serves as an inspiration in the formation of global health system.

“The history and philosophy of Taman Sari inspired us, global health leaders to build a global health system that is resilient in a crisis and alert in normal times,” Minister Budi said in Yogyakarta on Monday (20/6).

Taman Sari was constructed during normal times. It was not only meant for daily use, but also for anticipating crisis in the future.

“While we are waiting for a world in which the pandemic has subsided, we must utilize the time to build a more resilient global health system, not only for today, but also for future challenges. It is better to be safe than sorry,” Minister Budi said.

He also said that G20 countries have made a big step to strengthen global health architecture to be more prepared in facing health threats in the future.

3 global health agendas have been discussed this year in 5 sessions, among others:

1st Agenda: Strengthening global health system resilience

  • Session 1: Availability of financial resources for pandemic prevention, preparedness, and countermeasures.
  • Session 2: Access to emergency medical treatment.
  • Session 3: Building a global network of genomics surveillance laboratory and strengthening trusted data-sharing mechanism

2nd Agenda: Harmonizing global health protocol standards

  • Session 4: Globally recognized vaccine certificates in entry points.

3rd Agenda: Expanding global manufacture and research center for pandemic prevention, preparedness, and response (PPR).

  • Session 5: mRNA vaccine technology, expansion of global manufacture and research center for pandemic prevention, preparedness, and response.

As of today, two health working group meetings have been held with the themes “Harmonizing Global Health Protocol Standards” and “Strengthening Global Health System Resilience”. The next meeting of health working group will be held in August to discuss “Expansion of Global Manufacture and Research Center for Pandemic Prevention, Preparedness, and Response”.

KLHK invites G20 EDM-CSWG Delegates to Cycle during Car Free Day (CFD) in Jakarta

Jakarta, June 19, 2022 – Several Delegates of the G20 Environment Deputies Meeting and Climate Sustainability Working group (2nd EDM-CSWG) took part in the side event “Family Bike” during Car Free Day (CFD) in Jakarta, on 19 June 2022. They cycled in the morning from Shangri-La Hotel to Bundaran HI, and took a break at Suropati Park.

Director-General of Pollution and Environmental Damage Control (PPKL) of the Ministry for Environment and Forestry (KLHK), Sigit Reliantoro who is also a Co-Chair of EDM-CSWG Meeting said that the side event “family bike” is part of the opening of EDM-CSWG meeting in Jakarta.

“This activity is also one of our efforts to promote that Jakarta already has public facilities to support climate change control through cycling. We [KLHK] together with the Bike to Work community invites the delegates to enjoy Jakarta while exercising,” explained Sigit.

“Hopefully, the cool [morning] breeze will make us more connected, so that discussions and negotiations will be smooth and relaxed, and will generate a better follow-up meeting,” Sigit said at Suropati Park.

After being successfully held in Yogyakarta last March, the 2nd EDM-CSWG will be held in Jakarta on 20-22 June 2022. This second meeting will be attended by 186 delegates from G20 member countries, 5 invited countries, 1 observer country, and 5 international organizations.

The EDM-CSWG agenda has strategic role for Indonesia in the G20 Forum to show the world Indonesia’s commitment for environmental management and sustainable climate change control.

The EDM-CSWG at Indonesia’s G20 Presidency raises 3 priority issues that will be the focus of discussion at each meeting. The 3 issues are:

(1) Supporting more sustainable recovery;

(2) enhancing land-and sea-based actions to support environmental protection and climate change control objectives; and

(3) enhancing resource mobilization to support environmental protection and climate change control objectives.

The 3 priority issues and main missions of EDM-CSWG will be discussed and formulated to become a joint commitment through the adoption of a Communiqué on Environment and Climate Change as the main document of the results of the meeting. This Communiqué is planned to be adopted at the Ministerial Level Meeting to be held on 31 August 2022 in Bali, Indonesia.

The 2nd EDM-CSWG will discuss the Building Blocks for EDM-CSWG Ministerial Joint Communique. The Environment Deputies Meeting will discuss (EDM) several topics, such as Land Degradation, Halting Biodiversity Loss, Integrated and Sustainable Water Management, Resource Efficiency and Circular Economy, Marine Litter, Ocean Conservation, and Sustainable Finance.

Then, the Climate Sustainability Working Group (CSWG) will discuss 3 studies, namely: (1) The role of mitigation-adaptation co-benefits to create a more resilient future for all; (2) Acceleration of NDC Implementation and sustainable transition towards a low GHG emissions future and climate resilience through the implementation of carbon economic value; and (3) strengthen actions and partnerships for sustainable marine initiatives.

Y20: Youth’s Role in Encouraging Inclusivity in Indonesia’s G20 Presidency

Manokwari, June 18, 2022 – A high-level panel discussion on opportunities for policy reform to realize diversity and inclusion was also held at the 4th Pre-Summit Y20 in Manokwari, West Papua.

Policymakers and practitioners on a high-level panel encourage young people to participate in Indonesia’s G20 presidency. They are particularly concerned that the Y20 delegates will later issue a Communique or policy recommendations to G20 leaders. At the 4th Pre-Summit Y20, this Communique will address diversity, inclusion, and priority issues.

The Ministry of Tourism and Creative Economy leads the G20 Tourism Working Group (TWG). According to the Minister of Tourism and Creative Economy, Sandiaga Uno, his party is open to working with young people in supporting Indonesian tourism. This is because 55% of Indonesia’s population are millennials and Gen Z.

“If we want to be relevant at TWG, we need to engage with young thinkers who are very progressive, creative, and innovative to provide input and ideas. We need to adapt, innovate, collaborate so that we can recover together, recover stronger, and recover better,”. Sandi added.

As the G20 Indonesia Co-Sherpa, Dian Triansyah Djani expressed the government’s hope that the G20 Presidency will yield concrete results, including ensuring an inclusive recovery from the pandemic.

“The president is looking for tangible deliverables in the form of projects and initiatives.” Young people can play an essential role as a catalyst for action for G20 leaders in this situation. “You can express your ideas to initiate programs and collaborations,” Dian. Also, Special Staff for Priority Programs at the Ministry of Foreign Affairs explained.

“The Y20 White Paper addresses four priority issues, including diversity and inclusion.” “The question is how to translate it into concrete programs and projects,” he added.

Jaleswari Pramodhawardani, Deputy V of the Presidential Staff Office, shared her thoughts on how young delegates can ensure those policy recommendations are not only actionable but also based on human rights principles. Young people, she believes, need to understand unity, justice, and the principles of human rights protection. Jaleswari encouraged young people to provide constructive criticism and consistently advocated for human rights protection.

“I encourage young people to submit recommendations and criticisms supported by thorough analysis.” Constructive criticism is not only part of the democratic process, but it also serves as a reminder to the government to continue working toward the nation’s welfare of the country,” Jaleswari explained.

Meanwhile, Yenny Wahid, the founder of the Wahid Institute, appreciated young people’s creativity and concern for the community. She concluded that, in contrast to previous generations, young people are innovative in using existing resources such as social media or other platforms.

Youth have the power, desire, knowledge, and expertise to drive more inclusive diversity and inclusion policy reforms.

As is well known, the 4th Y20 Pre-KTT was attended by dozens of young delegates from home and abroad. This is also the first time that the Y20 has addressed diversity and inclusion as a separate policy track. The fourth Pre-KTT Y20 has two sub-themes: inclusive education and creative economy.

About Y20

Indonesian Youth Diplomacy (IYD), a youth non-profit organization, became the official host to welcome young Y20 delegates from various countries. Before the Y20 Indonesia 2022 Summit, four Pre-Summits will be held in four cities in Indonesia, namely Palembang (Pre-KTT I), Lombok (Pre- KTT II), Balikpapan (Pre-KTT III), and Manokwari (Pre-KTT IV). The highlight of the 2022 Y20 Indonesia Summit is scheduled to take place in DKI Jakarta and Bandung. The fourth Pre-Summit addressed the issue of diversity and inclusion priorities.

First meeting of the Creditor Committee for Zambia under the Common Framework for Debt Treatments beyond the DSSI


June 16, 2022 – On June 16, 2022, 16 countries have formally formed a creditor committee under the Common Framework, co-chaired by China and France and vice-chaired by South Africa, to discuss the Zambian authorities’ request of a debt treatment under “the Common Framework for Debt Treatment beyond the DSSI” endorsed by the G20 and the Paris Club.

The Zambian authorities attended the meeting and formally presented their request for a debt treatment. The IMF and World Bank representatives presented the latest macroeconomic developments regarding Zambia and the current status of their relationship with Zambia.

Consistent with members’ national laws and internal procedures, the creditor committee for Zambia will pursue its work to find an appropriate solution to external debt vulnerabilities of Zambia, in a coordinated manner.

As outlined in the Common Framework, the creditor committee stressed the importance for private creditors and other official bilateral creditors of Zambia to provide debt treatments under the Common Framework on terms at least as favorable, in line with the comparability of treatment principle.

Background notes

1. The creditor committee for Zambia was formed on June 16, 2022, in application of the “Common Framework for Debt Treatments beyond the DSSI” endorsed by the G20 and the Paris Club in November 2020.

2. The members of the creditor committee are representatives of countries with eligible claims on Zambia. China and France co-chair the creditor committee while South Africa acts as a vice-chair.

3. Observers at the meeting were representatives of the International Monetary Fund and the World Bank Group.

4. The delegation of Zambia was headed by Hon. Dr Situmbeko Musokotwane, Minister of Finance and National Planning.

Indonesia Encouraged the Accessibility and Affordability of Sustainable Finance Instruments at the 3rd SFWG Meeting

Bali, June 15th, 2022 – The Third Sustainable Finance Working Group’s Meeting (3rd SFWG) under the Indonesian G20 Presidency was successfully held in Bali on 14 – 15 June 2022, hosted by the Ministry of Finance and Bank Indonesia. The meeting was led by the United States of America and the People’s Republic of China as the SFWG co-chairs and moderated by UNDP as the SFWG Secretariat. While opening speech has delivered by the Indonesian G20 Presidency Co-chair.

The SFWG meeting was held on a hybrid basis and attended by G20 members, invitees, international organizations (IOs), and knowledge partners. Prior to the SFWG Meeting, the Indonesian G20 Presidency held a one-day Forum on International Policy Levers for Sustainable Investment on 13 June 2022. The results of the 3rd SFWG Meeting and the prior Forum will be further discussed at the 3rd G20 Finance and Central Bank Deputies’ meeting and the 3rd G20 Finance Ministers and Central Bank Governors’ Meeting, which will be held in Bali next month.

During the two-days meeting, members discussed intensively the progress of following agendas: (i) discussion on policy levers that incentivize financing and investment that support transition; (ii) developing a framework for transition finance and improving the credibility of financial institution commitments; (iii) scaling–up sustainable finance instruments, with focus on improving accessibility and affordability, including discussions on de-risking facilities and encouraging the role of Multilateral Development Banks (MDBs) and scaling up the local market with the support of public development banks; and (iv) monitoring progress on the G20 Sustainable Finance Roadmap.

Anita Iskandar, Director of International Affairs, Directorate General of Customs and Excise – Ministry of Finance representing the Indonesian G20 Presidency, delivered the opening speech in the first day meeting. In her remarks, Anita stated, “our presence here today, both in-person and virtual, confirms the G20 commitment to achieve our sustainable development and climate goals, including securing a transition toward a low carbon economy that should be orderly, just, and affordable”. In order to encourage and support the green transition, Indonesian Presidency has put attention on the energy transition toward cleaner energy and its implementation, including intensive policy discussion in improving accessibility and affordability of the finance transition through the Energy Transition Mechanism (ETM).

To ensure the accessibility and affordability of the sustainable finance instruments, members highlighted the importance of enhancing digital technologies to reduce costs of sustainable finance operations, especially Small Medium Enterprises (SMEs), and encourage government to assist firms to adapt Sustainable Supply Chain Finance (SSCF). In addition, many members also highlighted the importance to emphasize more on SMEs as well as MDBs and IOs’ role in providing capacity building for developing countries. Others highlighted ways to improve accessibility by way of using the banking system, with some suggesting the involvement of local banks as partners for blended finance.

Regarding policy levers, many members have highlighted regarding the vast variety of tools and approaches available to achieve an orderly, just, and affordable transition and broad comments that “no one size fits all”. Members also support the development of a flexible and dynamic but also practical, credible, and science-based transition finance framework.

Indonesian G20 Presidency is committed to ensure collective actions and develop the best practices to deliver concrete deliverables in the SFWG to achieve the 2030 Agenda for Sustainable Development Goals and the Paris Agreement.

Indonesia Agrees on Priority Issues at the Third EWG

Geneva, June 14, 2022 -Special Staff of the Minister of Manpower, M. Reza Hafiz Akbar said, in the Third Meeting of the Employment Working Group (EWG) on 14-15 June 2022, Indonesia agreed upon several priority issues as the G20 Presidency.

These issues concern the acceleration of the G20 principles in integrating the labour market for persons with disabilities and community-based vocational training to develop productivity sustainably. “We have agreed on several priority issues and received an extraordinary response from the participants of the Third EWG Meeting,” said Special Staff M. Reza Hafiz Akbar in a press release from the Ministry of Manpower’s Public Relations Bureau, Thursday (16/6/2022).

Reza said that Indonesia also raised important issues regarding job creation and small and medium enterprises (SMEs). He added that around July or August 2022, there would be an additional virtual meeting attended by all participants of the G20 Presidency, especially in employment.

This additional virtual meeting later specifically discusses protection for workers.

“Hopefully, our target before the meeting of the Minister of Manpower of the G20 members in September 2022 will be useful, especially in the field of employment,” he said.