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Thursday, 17 November 2022 11:52

President: Indonesian Leadership Produces Bali G20 Declaration

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Indonesia's leadership at the G20 has succeeded in producing the Bali G20 Leaders Declaration, although initially it was doubted by many parties. President Joko Widodo said the declaration consisted of 52 paragraphs.

The Head of State said that the attitude to war in Ukraine was the most difficult and highly debated matter. This was conveyed by the President in a press statement at the media center, Bali International Convention Center, Bali, Wednesday (16/11/2022).

"Discussions on this matter were very, very tough and finally the G20 leaders agreed on the contents of the declaration. Namely condemning the war in Ukraine because it violated regional boundaries and violated territorial integrity," the President said.

The war in Ukraine has caused people to suffer and has exacerbated the global economy, which is still fragile due to the pandemic. It also poses a risk of a food crisis, energy crisis, and potential financial crisis.

Therefore, the G20 discussed the impact of war on global economic conditions. According to the President, the G20 Bali has also produced some concrete results.

Among other things, the formation of a pandemic fund, which has collected USD 1.5 billion to date. Then the establishment and operation of a resilient and sustainability trust under the International Monetary Fund (IMF) amounting to USD 81.6 billion.

This is to help countries facing crises. "Then also the energy transition mechanism, especially for Indonesia, obtained a commitment from the Just Energy Transition Program for USD 20 billion," he said.

In addition, a shared commitment is also produced. That is, at least 30 percent of the world's land and 30 percent of the world's oceans are protected by 2030.

"This is very good, and continues the commitment to reduce land degradation by 50 percent by 2040 voluntarily. I think that is a concrete result, although there are actually a lot of other results," he said. (RRI)

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