This is done including through the implementation of the Job Creation Law and its derivative regulations, especially the ones related to licensing streamlining and expansion of various businesses for investmentJakarta (ANTARA) - Long-term structural reformation will encourage the realization of sustainable and inclusive economic development, according to Coordinating Ministry for Economic Affairs' Secretary Susiwijono Moegiarso.
"This is done including through the implementation of the Job Creation Law and its derivative regulations, especially the ones related to licensing streamlining and expansion of various businesses for investment," he said a statement on Friday .
The global community, including G7 and G20, had started to illustrate the economic system's architecture in the future, he noted during the Inspirato Sharing Session titled "G20 Sherpa track: Does Expediting Indonesia's Economic Recovery and Transformation Possible".
"Through the 'Recover Together, Recover Stronger' theme, Indonesia will prioritize cooperation and collaboration in recovery efforts, so that no man, country, or region is left behind. Leave no one behind," he remarked.
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Indonesia supports organizing multilateral economic cooperation, opening the road toward stability for the global economy, and facilitating orderly condition for sustainable global economic recovery, especially during the post-pandemic period, he affirmed.
Moreover, the G20 forum will significantly affect economic recovery through the three main approaches of strengthening multilateral cooperation, concrete deliverables as real actions, and course establishment for economic and financial policies in future.
Moegiarso expects that the forum would be a dialogue medium that focuses on the efforts to resolve the impact of the global crisis that will be a reference point and solution for various problems in the world.
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During this year's G20 Presidency, Indonesia introduces a new approach of concrete deliverables that contain projects, programs, or initiatives that G20 member countries work on together.
This is done in accordance with the president's instruction, so that the presidency provides real benefits for the people of Indonesia and the world, he expounded.
Most importantly, it also bolsters Indonesia's role, profile, and exposure at the global stage, he remarked.
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Translator: M Heriyanto, Fadhli Ruhman
Editor: Fardah Assegaf
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