VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Indonesia managed to pocket around USD 8 billion (Rp 125 trillion) related to investment commitments from this year's series of G20 Summit events. This was conveyed by the Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia.

According to him, this figure is predicted to continue to increase. This is because, said Bahlil, there are still a number of agreements that have not been officially signed to be followed up further.

"However, there are approximately USD 10 billion that have not been signed but an agreement has been reached. And I do not want to announce this USD 10 billion because it has not been signed," Bahlil told reporters, Thursday (17/11/2022).

Bahlil explained that the investment commitments that Indonesia received came from a number of countries. Like South Korea, China to Europe, which so far have focused on investing in Indonesia.

"The details will be later when we sign the HoA (Head of Agreement/preliminary agreement)," he said. Previously, during the series of G20 Summits (Summits) in Bali, bilateral meetings were held with a number of countries.

Bagkan, Bahlil said he could meet with 9-10 investors per day. The G20 event has produced the Bali Leaders Declaration or the Bali Declaration as well as a series of action plans with concrete goals.

There is also the G20 Action for Strong and Inclusive Recovery document which contains a list of projects from various discussions. As well as the negotiations that were carried out during the G20 Indonesian Presidency.

On the other hand, Indonesia's G20 produced some concrete results. Such as the formation of the Pandemic Fund which has raised USD 1.5 billion.

Next is the establishment and operation of a resilient and sustainability trust under the IMF (International Monetary Fund) amounting to USD 81.6 billion. The funds are to help countries facing crises.

Apart from that, there is also an energy transition mechanism. Especially for Indonesia in obtaining a commitment from the just energy transition program with an investment of US$ billion. (RRI)