TEMPO.CO, Jakarta - Indonesia’s Investment Ministry officially launched the Bali Compendium as one of the results of the agreement in the investment cluster at the ministerial-level meeting at this week’s G20 Summit.

Investment Minister Bahlil Lahadalia explained that the Bali Compendium was structured to uphold the importance of mutual respect between G20 nations in determining the direction of their respective investment policies.

According to him, there have been countries that feel more entitled to regulate other countries. He considered it irrelevant to current global developments. Thus, the compendium will be used as a guide for all G20 countries.

“Indonesia cannot be equated with America or other European countries. We win independence by means of struggle. We have eastern customs, we have a different culture from them. They can’t equate it for the investment pattern,” said Bahlil in a written statement on Monday, November 14, 2022.

The compendium was prepared in collaboration with the United Nations Conference on Trade and Development (UNCTAD). Secretary General of UNCTAD Rebeca Grynspan explained it contained various relevant experiences related to the promotion of sustainable investment from all G20 countries and other partner countries.

The Bali Compendium will be the basis for policymakers of G20 member countries to formulate investment promotion strategies and how to promote the right types of investments for sustainable development.

“This compendium comes out at just the right time. The world is in a context of cascading crises, cascading inequalities, and chronic instability. This Compendium offers intelligent solutions for the investment challenges we face,” said Rebeca.

RIANI SANUSI PUTRI

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