Sri Mulyani at G20: Indonesia Still Needs Support for Economic Recovery
TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati and Bank Indonesia Governor Perry Warjiyo attended the first G20 Finance Ministers and Central Bank Governors Meeting (FMCBG) hosted by the Italian G20 Presidency on Friday, February 26.
The meeting discussed two agendas, namely the global economy and the policy action for a just and transformative recovery, and financial sector issues.
“The global economy, including Indonesia, still needs support for recovery,” said Sri in a written statement released by the ministry on Sunday, February 28.
She stated that Indonesia would keep allocating a large amount of state expenditure to handle COVID-19 in 2021. Amid the substantial need for state spending and limited state revenue, she added, Indonesia would strive to stop its economic dependence on fiscal and monetary support by carrying out various reforms to strengthen the economy in the future.
During the meeting, ministers of finance and governors of the G20 Central Bank emphasized the importance of a strong and equitable economic recovery. They affirmed commitment to strengthening international cooperation in facing global challenges through a stronger multilateralism approach.