This is because with the appointment, Indonesia is projected to have a bigger bargaining power, especially in the finance track.Jakarta (ANTARA) - Economist at Permata Bank Josua Pardede has estimated that Indonesia's presidency during the G20 summit in 2022 will bring positive impact for Indonesia, both in the medium and long term.
"This is because with the appointment, Indonesia is projected to have a bigger bargaining power, especially in the finance track," Pardede told ANTARA here on Thursday.
He opined that several primary discussions in the finance track comprised economic recovery, sustainable growth, financial inclusion, as well as international tax.
With this discussion, the summit is expected serve as a platform for various agreements that would proffer benefits for the Indonesian economy, he added.
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As a whole, Pardede expressed optimism that the initial cooperation during the G20 presidency would yield concrete benefits to drive the country's economy.
Earlier, Minister of Communication and Informatics Johnny G. Plate had noted that Indonesia's G20 presidency reflects the country's real action in global leadership, which includes economic recovery.
"This is specifically to advance cooperation and collaboration to expedite global economic recovery and build sustainable global resiliency," Plate noted in a press statement as quoted on Wednesday.
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The transfer of leadership from Italy to Indonesia will be conducted during the G20 Summit in Rome at the end of October this year.
Indonesia will then officially assume the presidency for G20 from December 1, 2021, until November 2022, based on the theme of "Recover Together, Recover Stronger."
The G20 presidency for the 2021-2022 period will be the first time that Indonesia will chair the G20 leaders' meeting, ever since the forum, which has contributed 85 percent of the world's Gross Domestic Product (GDP), was established in 1999.
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Translator: Agatha Olivia, Fadhli Ruhman
Editor: Fardah Assegaf
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