Indonesia chose Recover Together, Recover Stronger as the overall theme for its Presidency as a way to advance strong and inclusive global recovery from the COVID-19 pandemic. The idea was to reflect the spirit of collective recovery in the world and ensure that the G20 projects an inclusive vision to aid collective recovery and move towards a new chapter of green and inclusive development.
The Indonesian Presidency identified three main pillars:
- Global Health Architecture: Stronger global cooperation to ensure equality of global health standards for travel and the global community’s resilience towards any future pandemic.
- Digital Transformation: Achieving the true potentials from the rapid digitalisation of the global economy to secure common prosperity in the digital age.
- Sustainable Energy Transitions: New approaches and dimensions to accelerate the transition towards cleaner energy sources for ensuring a cleaner and brighter future for the global community.
With the theme of Recover Together, Recover Stronger in mind, the G20 Leaders declared to:
- Stay agile and flexible in their macro-economic policy responses and cooperation, make public investments and structural reforms, promote private investments, and strengthen multilateral trade and resilience of global supply chains to support long-term growth; sustainable and inclusive, green and just transitions; and ensure long-term fiscal sustainability, with central banks committed to achieving price stability.
- Protect macroeconomic and financial stability and remain committed to using all available tools to mitigate downside risks, noting the steps taken since the Global Financial Crisis to strengthen financial resilience and promote sustainable finance and capital flows.
- Take action to promote food and energy security and support stability of markets, providing temporary and targeted support to cushion the impact of price increases, strengthening dialogue between producers and consumers, and increasing trade and investments for long-term food and energy security needs, resilient and sustainable food, fertiliser, and energy systems.
- Unlock further investments for low- and middle-income and other developing countries through a greater variety of innovative financing sources and instruments, including to catalyse private investment, to support the achievement of the SDGs.
- Ask the MDBs to bring forward actions to mobilise and provide additional financing within their mandates to support achievement of the SDGs, including through sustainable development and infrastructure investments and responding to global challenges.
- Recommit to accelerate achievement of the SDGs, achieving prosperity for all through sustainable development.
