"Indonesia's G20 Presidency has been judged as successful in conceiving a balanced communique that properly accommodates the positions and interests of developing and developed countries on many global issues," Kacaribu said at the Media Synergy for International Event in Jakarta on Thursday.
Finance Ministers and Central Bank governors meetings, organised during Indonesia's G20 Presidency, have concluded with a 14-point communique that demonstrates a joint commitment of G20 member states, he said.
G20 members are committed to coordinating to ensure safe, exact, fair, and accessible vaccine access to middle and low-income countries, as well as enhancing dialogues, cooperation, and global architecture on the pandemic response and prevention in the future.
The community is committed to empowering a joint finance-health task force, comprised of health ministries and finance ministries of G20 countries and the World Health Organization, to coordinate a collective measure and enhance coordination to mobilise the global financial system for the prevention and response to the pandemic.
The communique also affirmed the G20 member states' support to poorer countries by allowing a delay in debt payment and restructuring of foreign debts by G20 member states to improve pandemic response and economic recovery.
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G20 members also reiterated their commitment to enhancing the long-term financial resilience and the global safety net network.
Moreover, the community agreed on the necessity of a regulatory framework of crypto-assets and to continue the assessment on the implication of Central Bank Digital Currency to the global monetary and financial system.
G20 members are committed to deliberate policies to achieve carbon neutrality through collaboration in devising carbon price incentives and mechanisms, as well as encouraging a fair and affordable energy transition towards an inclusive and green economy by affirming commitment to mobilise a US$100 million joint funding annually until 2025.
The communique also affirmed G20's commitment to exerting efforts in the revitalisation of a sustainable, inclusive, and accessible infrastructure investment by the involvement of the private sector, and also to boost digital and infratech infrastructures to close the digital gap among the global community.
The ministry agency head pointed out that by confirming the community's support to improve global issues on macroeconomics, health, climate change, digitisation, and sustainable finance, the communique dispels the G20's image as an exclusive and elitist forum.
"The communique, agreed by all member countries, has reflected G20 member states' positions," Kacaribu remarked.
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Translator: Astrid FH, Nabil Ihsan
Editor: Suharto
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