Badung, Bali (ANTARA) - The Indonesian government has advised countries to opt for blended finance to fulfill the annual need for around 4 trillion US dollars to fund efforts to achieve the Sustainable Development Goals (SDGs).

Speaking on the sidelines of the 7th Development Leaders Conference (DLC), Deputy Minister of Foreign Affairs Pahala Mansury emphasized the importance of mobilizing more funds for SDG-related initiatives by encouraging collaboration between governments, international finance institutions, multilateral development banks, philanthropic organizations, and private actors.

"In order to achieve the SDGs, we should not rely solely on development efforts made by governments," he said in Badung district, Bali, on Wednesday.

He noted that in 2023, the world witnessed a spike in the budget required for achieving the SDGs because of the lasting impacts of the COVID-19 pandemic as well as the war between Russia and Ukraine.

He further stated that an optimal and broader mobilization of resources is vital to help address common global challenges, especially unemployment, poverty, and climate change.

He underlined that Indonesia considers it important for developing countries to start emerging as donor countries to support international cooperation in development.

Mansury highlighted that Indonesia took a concrete step in this direction by establishing the Indonesian Agency for International Development (Indonesian AID) in 2019.

"Being a developing country does not mean we should remain at the receiving end, as we can take an active role. Indonesia has taken an initiative to create the Indonesian AID, though the funds it manages are not as much as those in developed countries," he said.

The 7TH DLC has drawn participation from around 80 participants comprising representatives of donor countries, think tanks, and international development organizations. The previous edition of the conference was held in Norway last year.

The conference is expected to promote Indonesia's image as a donor country that represents developing countries.

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Translator: Dewa K, Tegar Nurfitra
Editor: Aditya Eko Sigit Wicaksono
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