Both countries expressed the determination at a bilateral meeting between Indonesian Finance Minister Agus Martowardojo and visiting French Minister of Economy, Finance and Industry Christine Lagarde and 40 French businessmen here on Friday.
Also present at the meeting were Bank Indonesia Governor Darmin Nasution and French Ambassador to Indonesia Philippe Zeller.
The meeting was chiefly intended to exchange views between France as G20 chairman and Indonesia as G20 member and ASEAN chairman.
"We much focused on discussing new issues which become priorities in regional relations, including food resilience and development issues in addition to a number of issues we want to discuss as a developing country," Darmin said.
The topic of the discussion included G20 framework related to high, sustainable and balanced growth, international financial system reform covering management of global capital and liquidity flows, and development challenges covering food resilience, and infrastructure.
Both ministers were of the view that strong international cooperation was needed to address global challenges and concrete steps were required to achieve the goal of G20 forum.
The two countries were also committed to consistently responding to any efforts to achieve strong, sustainable and balanced growth, ensure fiscal resilience and continue the agenda of financial reform including implementing Basel III commitment at given time.
They also agreed to speed up the implementation of development agenda to achieve high growth, create more jobs and eradicate poverty through infrastructure development policies and financial inclusion programs.
Both countries underscored the need to establish cooperation among multilateral forums such as G20 and regional forums such as ASEAN to strengthen relations among global financial safety nets and regional financial plans such as Chiang Mai Initiative Multilateralisation within the framework of ASEAN +3 to strengthen coordination and control. (*)
Editor: Kunto Wibisono
Copyright © ANTARA 2011
