For six quarters in a row, Indonesia's economic growth remains at five percent. This is a relatively good condition when compared to other countries, she noted as quoted from an official statement issued on Wednesday.
The combination of fiscal and monetary policies became a crucial key to achieve this, such as through discipline toward fiscal consolidation after the COVID-19 pandemic.
During the first session, the minister also discussed Indonesia's priority within the Energy Transition Mechanism (ETM) and Pandemic Fund, which are initiatives from Indonesia's G20 Presidency last year.
Indonesia will continue to voice this matter at various multilateral forums, such as the G20 and ASEAN.
In line with the first session, Mulyani also discussed the financing mechanism to realize sustainable development through the Energy Transition Mechanism during the second session.
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Last year, Indonesia had launched the ETM Country Platform that received US$500 million in funding to expedite the retirement of two coal-fired power plant projects that produce a total of 1.6 gigawatts of energy.
Lastly, the minister also discussed India's G20 Presidency, namely Financing Cities of Tomorrow. Indonesia is highly supportive and lauds this initiative, specifically on the infrastructure dialogue event, she remarked.
It is important for everyone to be able to continue to develop the world, but it should also be done while maintaining the planet that we live in, the minister remarked.
Quoted from its official website, The Group of Twenty (G20) is the premier forum for international economic cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.
India holds the G20 Presidency from December 1, 2022 to November 30, 2023.
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Translator: Agatha O V, Fadhli Ruhman
Editor: Yuni Arisandy Sinaga
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