G20 Members Agreed To Formulate Development Funding For Least Developed Countries

G20 Members Agreed To Formulate Development Funding For Least Developed Countries

JAKARTA, Aug 15 (NNN-ANTARA) – Members of the Group of 20 (G20) agreed to enhance multilateralism and push the formulation of development funding for least developed, developing, and small island developing countries, an Indonesian minister said here.

The commitment was conveyed during the 3rd G20 Development Working Group (DWG), held in Bali on Aug 10-12. The DWG was one of the working groups of Indonesia’s G20 Presidency that aims to discuss development issues. It was a forum for G20 members to talk and share perspectives on multilateralism, state growth, and development plans, to achieve sustainable development goals (SDGs).

“All of us are aware that G20 countries have the knowledge, expertise, and financial resources to help accelerate the recovery and resilience in developing, least developed, and small island developing states. We have to push our efforts to build a solid advancement,” Indonesia’s National Development Planning Minister, Suharso Monoarfa, said, in a written statement.

The minister also said that the latest DWG meeting also discussed the strategy for mitigating the COVID-19 pandemic, promoting micro, small, and medium enterprises, as well as, digital and energy transitions, particularly in developing nations.

He said that the agreement made at the DWG meeting would be a reference for further discussion, at the G20 Development Ministerial Meeting that would be held in Belitung island, Bangka Belitung Islands province, from Sept 7 to 9.– NNN-ANTARA  

administrator

Related Articles