HIGHLIGHT KEYNOTE SPEECH: THE 1ST FINANCE MINISTERS & CENTRAL BANK GOVERNORS’ MEETING (FMCBG)

Jakarta, 17 February 2022 – The President of the Republic of Indonesia, Joko Widodo (Jokowi) gave a Presidential keynote speech for The First G20 Finance Ministers and Central Bank Governors’ Meeting (FMCBG) on 17-18 February 2022. The first FMCBG meeting will discuss several topics such as Economy and Health Global as well as related issues in Finance. President Jokowi conveyed the important role of the G20 countries in leading global action towards a strong, sustainable, inclusive, and balanced recovery.

In particular, for the First FMCBG Meeting, this meeting is expected to be able to handle global strategic issues that produce measurable and tangible achievements. Ministers and Governors are expected to strengthen efforts to prevent, prepare and respond to pandemics, including strengthening global health financing. The efforts are also needed to strengthen common frameworks and assist countries affected by the pandemic and experiencing fiscal vulnerabilities. President Jokowi also invites the spirit of collaboration to address these global strategic issues with tangible achievements, measurable achievements to overcome problems and also prevent issues for more inclusive and sustainable world economic growth. 

During the meeting, Minister of Finance of the Republic of Indonesia, Sri Mulyani Indrawati said that To achieve smooth recovery and achieve Strong, Sustainable, Balanced, and Inclusive Growth, there is also a pressing need to address problems that are bound to leave enduring economic scars. The COVID-19 pandemic has led to profound global economic disruptions, both on the supply and demand sides. Then, policies ahead should develop well-calibrated, well-planned, and well-communicated exit strategies, identify strategies for overcoming scarring effects and ensure that economic growth is inclusive and that no one is left behind.

As a member of G20, Indonesia is also committed to overcoming the global challenges that it is currently facing and contributing to economic recovery and policy reforms to support stronger, sustainable, balanced, and inclusive economic growth after the pandemic in line with the theme “Recover Together, Recover Stronger”.

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