Tuesday, 29 Nov 2022

Indonesian President: G20 believed to be Catalyst for Inclusive Economic Recovery

Bali-- The Indonesian President Joko Widodo expressed optimism that the G20 would continue to become a catalyst for inclusive economic recovery amid the current tough global conditions, according to ANTARA News Agency.

"Indonesia hopes the G20 can continue to become a catalyst for inclusive economic recovery," the president noted as he opened the G20 Summit at The Apurva Kempinski Bali, Nusa Dua, here on Tuesday.

G20 is an international forum comprising 19 countries and the European Union that work together to handle major issues. Indonesia is holding the presidency of the grouping this year.

The G20 Summit is being held in Bali on November 15-16, 2022.

President Jokowi noted that in the midst of the difficult situation, the G20 must continue to work to present concrete results for global recovery through various efforts.

The efforts include preparing funds to face future pandemics through the pandemic fund and supporting the fiscal spaces of low-income countries through resilience and sustainability trust.

The G20 is also encouraging acceleration in the achievement of sustainable development goals (SDGs). Apart from that, the G20 is also striving to produce hundreds of forms of concrete cooperation and support more advanced and sustainable global economic recovery through the Bali Compact on energy transition.

"We do not only talk but take concrete actions," the president emphasized.

President Jokowi encouraged the G20 to demonstrate to the world that the international forum, whose members are the world's major economies, can act wisely and assume responsibility as well as demonstrate leadership.

"Let us work and let us cooperate for the world. Recover together, recover stronger," the president stated.

Indonesia's G20 Presidency in 2022 is raising the three main issues of global health architecture, digital transformation, and sustainable energy transition.

Source: Saudi Press Agency

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