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Wednesday, 21 December 2022 14:19

Indonesia's G20 Priority Programs To Be Continued by India: Minister

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Finance Minister Sri Mulyani Indrawati affirmed that priority programmes of Indonesia's G20 Presidency would be continued by India as the new G20 presidency holder from December this year.

"Priority programmes of Indonesia's G20 Presidency will be continued by India as the next (holder of the) presidency," Indrawati stated after the G20 Presidency Appreciation Night here, Tuesday (December 20).

Some of the priority programmes are the pandemic fund that will be used to bolster prevention, mitigation, and response to possible pandemics in future as well as programmes relevant to climate change, she noted.

Other priority programmes enacted by Indonesia's G20 Presidency are digital transformation, food and energy crises handling, and central bank digital currency (CDBC) and global taxation, the minister remarked.

CDBC is a centralized digital currency intended as a legal tender and digital representation of national currencies, while global taxation is the imposition of income tax from all sources that disregards the characteristics, sources, and types of incomes obtained by taxpayers.

Indrawati said that her side and state electricity company PT PLN would follow up and monitor various agreements on the Energy Transition Mechanism (ETM) finalized during the G20 Summit in Bali last November, such as the US$20-billion Just Energy Transition Partnership (JETP).

"We will monitor some ETM deals, including the US$20-billion JETP, with PT PLN. Realising ETM programmes would ensure the fund received (by Indonesia)," the minister remarked.

Meanwhile, Coordinating Minister of Economic Affairs Airlangga Hartarto urged all parties to follow up and monitor various investment commitments obtained by Indonesia during the G20 Summit last November.

"We ask for support from ministries and institutions in the sherpa track or finance track to follow up (investment) commitment agreements," Hartarto remarked.

Some investment commitments obtained by Indonesia during the summit include grants for sustainable development and funding for green energy and public transportation developments. (Antaranews)

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