"We see an urgency for another meeting to ensure whether the targets we have planned can be achieved, especially this time, at the second AFMGM during the Indonesian Chair," Head of the Center for Regional and Bilateral Policy of the Ministry of Finance Yogi Rahmayanti stated during a media briefing in Jakarta, Monday.
Rahmayanti affirmed that the world has recently been facing various unpredictable challenges, such as the Russia-Ukraine war, the interest rate policy in the United States, and indications of economic slowdown in China.
Hence, to this end, the AFMGM will discuss those challenges, especially from a financial perspective.
According to Rahmayanti, the three priority economic outcomes, or Priority Economic Deliverables (PED), are the main concern at the second AFMGM, which are recovery and rebuilding, digital economy, and sustainability.
In the first PED, discussion focuses on efforts to promote recovery and ensure economic and financial stability and resilience. Discussion on recovery and rebuilding encompasses collaboration in the financial and health sectors, finance infrastructure, and regional tax cooperation.
Meanwhile, under the second PED, finance ministers and central bank governors will discuss issues regarding the digital economy, with the aim of encouraging inclusive economic growth and strengthening resilience in the financial sector.
Discussion on the digital economy also includes digital financial services and literacy, business matching forums, and policies at the ASEAN level that target growth of the MSME sector.
The last PED aims to promote a transition that supports a green economy and sustainable finance.
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Translator: Imamatul Silfia, Cindy Frishanti Octavia
Editor: Sri Haryati
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