JAKARTA, Feb 18 (NNN-ANTARA) – Finance leaders from G20, yesterday discussed exit strategies, to address global economic slowdown, due to the COVID-19 pandemic, on the first day of the two-day G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting, held in Jakarta, capital of Indonesia.
Indonesian President, Joko Widodo, urged all the G20 members to focus on synergy and collaboration, to seek concrete and measurable outcomes, in order to help all countries, particularly the developing countries, to early recover from the pandemic.
In his speech, delivered virtually, welcoming the FMCBG meeting participants, President Widodo highlighted the importance of keeping the rising global inflation under control, as well as food security, in helping recover global economy.
“We must also overcome container scarcity and other logistics chain problems, prevent starvation, and accelerate the transition process towards the new economy. We must expedite equal and affordable digital transformations,” he added.
Widodo said, he expects that the G20 FMCBG meeting could formulate fiscal and monetary measures acceptable to all members.
Indonesia Finance Minister, Sri Mulyani Indrawati, said that, the surging price of food, inflation and climate change are among challenges with which the world is confronted currently.
“The inflation risk remains skewed to the upside, driven by the supply chain disruption, labour market mismatches, wage pressure, and higher energy prices,” she noted.
The G20 FMCBG meeting is held in a hybrid format of in-person and online participation, over COVID-19 concerns.– NNN-ANTARA
