Sri Mulyani Attends APEC Finance Ministers Meeting in San Francisco

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani attended the Finance Ministers Meeting at the Asia-Pacific Economic Cooperation (APEC) in San Francisco. 

"My series of APEC agendas began by discussing recent issues with colleagues from 21 state members of APEC," Sri Mulyani wrote on her official Instagram account @smindrawati on Tuesday, November 14, 2023.

On this occasion, Sri Mulyani conveyed several issues, especially concerning the global economic challenges that always grew in complexity. "One of which is the "higher for longer" policy that keeps increasing the risk of the fiscal position of several countries," she said.

She also mentioned that the policies concerning climate change must be responded to globally, with the purpose of mutual mitigation.

Massive requirements for funding during high interest rates, she said, also grew the potential of bigger pressure which will lead to an increase in funding toward developing countries, including Indonesia.

"While facing these global dynamics, I conveyed that welcoming a wise and well-done fiscal policy became critical," Sri Mulyani said.

Additionally, this harrowing time with various challenges called for structural reforms. Indonesia, she said, has been finalizing several reformation agendas these past few years. The State Budget is also a catalyst to accelerate economic transformation.

According to Sri Mulyani, focusing investment on infrastructure and human resources could also help solve developmental issues.

"Hopefully, through this discussion and upcoming agendas during APEC, we could find a mutual solution to tackle various global challenges," she concluded.

MOH. KHORY ALFARIZI

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