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ACN Newswire

G20 Sherpa committed to address global solutions

October 1, 2022

JAKARTA, Oct 1, 2022 - (ACN Newswire via SEAPRWire.com) - The third G20 Sherpa meeting in Yogyakarta has concluded with G20 member countries agreeing to seek solutions to myriad global problems.The 3rd Sherpa Meeting G20 Indonesia delegations travel around Borobudur Temple in Magelang, Central Java, Indonesia, Tuesday (29/9). (ANTARA PHOTO/Andreas Fitri Atmoko/POOL/rwa/FR)"During this meeting, we can see the collective commitment of G20 countries to remain united by offering solutions to global problems that occur recently," Co-Sherpa Edi Prio Pambudi noted through a statement, Thursday (Sept 29).Problems, such as the energy crisis, food scarcity, rising food prices, inflation, and continuity of COVID-19 recovery, are issues that are not only encountered by G20 countries but also developing and vulnerable countries.Discussion on Leaders' Declaration began from materials that are relatively easy to accept by all countries followed by a bilateral meeting with several key countries, so that an agreement can be achieved.A technical discussion on Leaders' Declaration will be conducted in October 2022 before it is finalized during the fourth Sherpa meeting in Bali in November 2022, near the execution of the G20 Summit held in the same month and place.The declaration draft that contains three priority issues during Indonesia's G20 Presidency comprises global health architecture, digital-based economic transformation, and energy transition as well as food security. This draft comes from 39 parties, comprising G20 member countries, nine invited countries, and 10 invited international organizations, that will attend the G20 Summit Conference in Bali, November.The meeting also endorsed concrete deliverables, such as programs or initiatives. This aligns with President Joko Widodo's mandate that Indonesia's G20 Presidency should produce real benefits for Indonesians."It is true that the concrete results will have their follow-up programmed," secretary of the Coordinating Ministry for Economic Affairs Susiwijono, said at an online press conference, which was followed from here on Tuesday (Sept 27).The programs arising out of this year's G20 Summit will be reviewed together at next year's meeting."There is an annual forum so that we can review several agreements that have been conducted together," he said.This year, in the midst of various global crises, Indonesia was able to contribute fairly, leading many to praise it, he added.The G20 Sherpa Track discusses global challenges and various economic (non-financial) issues to find solutions and provide recommendations on the G20 agenda and priority issues, such as energy, development, tourism, digital economy, education, labor, agriculture, trade, investment, industry, health, anti-corruption, environment and climate change.The role of Sherpa Track is very vital, especially in coordinating all Working Groups and Engagement Groups under its coordination.Indonesia's G20 presidency in 2022 provides an opportunity for Indonesia to lead developed and developing countries in discussing various issues and the process of global economic recovery.Underscoring Indonesia's important role as president of this year's G20, Foreign Minister Retno Marsudi said that the world was pinning hopes on G20 being a catalyst of global economic recovery, especially for developing countries."The G20 must not fail to be a catalyst for world recovery. We cannot let global recovery fall at the mercy of geopolitics," she stated, while delivering a speech at the general debate of the 77th United Nations General Assembly on Tuesday (Sept 27).She proposed the paradigm of collaboration to surmount numerous global challenges."A paradigm of win-win, not of zero-sum. A paradigm of engagement, not of containment. A paradigm of collaboration, not of competition. This is the transformative solution that we need," Marsudi noted.According to Marsudi, such a collaboration paradigm is deemed necessary to facing the current concerning world conditions wherein the pandemic persists and the global economy remains sluggish, war among nations, and violation of international law that has become a norm in pursuit of narrow self-interests.Written by: Sanya Dinda S, Fadhli Ruhman, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Enhancing data governance through the 3rd DEWG meeting

August 9, 2022

JAKARTA, Aug 9, 2022 - (ACN Newswire via SEAPRWire.com) - The implementation of equitable and inclusive Data Free Flow with Trust (DFFT) and Cross-Border Data Flow (CBDF) had become crucial issues nowadays as data traffic between countries kept increasing.Hence, as chairman of the 2022 G20 presidency, Indonesia proposed four principles of fairness, lawfulness, transparency, and reciprocity for the implementation of cross-border data governance.Through the 3rd Digital Economy Working Group (DEWG) Meeting, held in Labuan Bajo, East Nusa Tenggara (NTT) Province, on July 20-22, 2022, Indonesia highlighted digital skills and literacy as the second priority issues of the DEWG, as well as the DFFT and CBDF as its third priority issue that will enhance the Bali Package document.The Ministry of Communication and Informatics has consulted with G20 members and partners to follow up on the results of previous meetings to be accommodated into a declaration draft, known as the Bali Package.The Bali Package will reflect the commitment of G20 members to achieve recovery through inclusive, empowering, and sustainable cooperation.Additionally, Communication and Informatics Minister Johnny G. Plate expected that the 3rd DEWG meeting could establish three deliverables.The deliverables include the recommendations and policies to increase the vulnerable groups' involvement in the digital economy sector; a G20 Toolkit on digital skills, literacy, and workshop; as well as a summary of practices and policies to develop advanced digital skills and literacy.The G20 members also sought a common understanding on a clear definition of trust and general principles in implementing the cross-border data flow.Spokesperson for the Communication and Informatics Ministry Dedy Permadi said all parties involved in the 3rd DEWG Meeting agreed to strengthen the cross-border data governance."The Digital Economy Working Group or DEWG had completed discussions regarding the CBDF," he stated.The results of the working group's discussions will be presented at the G20 Digital Economy Ministers' Meeting, which is scheduled to take place in Bali, in early September 2022.A workshop had been implemented on the last day of the 3rd DEWG Meeting to enhance the discussion on the CBDF and establish a common agreement on the agenda.In addition to the G20 members, a number of private actors, international organizations, academics, and non-governmental organizations were also invited, since the workshop served as a multi-stakeholder dialogue forum."Thus, the agenda does not only contain the government's interest, hence, the cross-border data flow agenda will be able to provide comprehensive recommendations," Permadi, who was also the Alternate Chair of 2022 G20 DEWG, remarked.The effort showed Indonesia's commitment in pursuing concrete deliverables to realize beneficial data utilization for all to encourage the recovery of the global digital economy.Additionally, the Director General of Informatics Application at the ministry, Semuel Abrijani Pangerapan, stated the value of Indonesia's digital economy was projected to reach US$124 billion (Rp1,855 trillion) in 2025.To optimize the potentials, Indonesia will hold a 2022 G20 DEWG side event entitled G20 Digital Innovative Network, themed 'The Rise of Digital Economy: Post-pandemic Recovery and Beyond'.The forum aims to facilitate knowledge-sharing as well as international partnerships among start-ups, venture capitalists, policy makers, and corporations to solve various global challenges.It was initiated by Italy's 2021 G20 Presidency under the name of G20 Digital Innovation League.The G20 Digital Innovative Network aims to find the 100 most promising start-ups in five priority sectors of healthcare, renewable energy, smart society, financial inclusivity, and supply chain.Start-up pitching, discussion panels, 1-on-1 business meetings, networking sessions, as well as cultural events will be held in a hybrid way during the implementation of the forum in Bali on September 2-4, 2022.The registration for the forum has been opened to the public at g20innovationnetwork.org.(c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

RI strives to bridge differences in G20 to overcome economic challenges

July 18, 2022

JAKARTA, Jul 18, 2022 - (ACN Newswire via SEAPRWire.com) - The third Finance Ministers and Central Bank Governors (FMCBG) meeting within the framework of Indonesia's G20 Presidency kicked off in Nusa Dua, Badung, Bali, on Friday (July 15).The 3rd Finance Ministers and Central Bank Governors (FMCBG) Meeting of G20 in Nusa Dua, Badung, Bali, on 16 July. (ANTARA FOTO/Fikri Yusuf/Pool/wsj)The meeting aims to seek ways to promote better global economic recovery amid the issues or challenges that had become more apparent nowadays."G20 needs to (apply more measures) by taking real actions based on the spirit of coordination, collaboration, and consensus in order to solve global issues," Finance Minister Sri Mulyani Indrawati delivered the statement during the opening of the meeting.In total, 407 delegations were physically present in Bali, and 120 attended the event through virtual means. Some 19 finance ministers and 11 governors of Central Banks were also physically present. Thereby making it the one with the most number of physical attendees during the course of Indonesia's G20 presidency.Minister Indrawati stated that the presence of majority of the delegations of member countries, guest nations, and international organizations demonstrated global commitment and willingness to support the Indonesian G20 Presidency, as well as promote a sustainable economy, especially in the midst of global challenges.Bridging DifferencesIndonesia is committed to bridging various differences and becoming the main supporter of multilateralism in the G20 forum to overcome various current global economic challenges."We want to be an honest liaison. Indonesia will tirelessly seek communications and consultations, so we can continue to build bridges to accommodate the differences," the minister noted while opening the 3rd G20 FMCBG meeting.The 3rd FMCBG meeting discussed seven priority agendas, comprising the current situation and risks of the global economy, health issues, international financial architecture, financial issues, sustainable finance, infrastructure development, and international taxation.Meanwhile, several issues that became part of the priority agenda are the impacts of the Russian-Ukraine conflict on global food, energy, and financial security.On the second day of the meeting on Saturday, Indrawati announced that all G20 members has agreed on the majority of the meeting results despite tensions over Russia-Ukraine conflict.Indrawati conveyed that the meeting succeeded in agreeing on a number of initiatives, and successfully garnering support to overcome various global economic and financial problems."There are 14 paragraphs of the draft on the result of this two-days meeting," Indrawati stated on her speech delivering the results of the meeting.She mentioned that two paragraphs of the result draft containing different views of several G20 members, one of which was regarding the use of the word "war" on several issues.Indonesia and other G20 members, however, should still place the G20 as the world's largest economic cooperation forum that has a long history of solving various global problems.Additionally, Bank Indonesia (BI) Governor Perry Warjiyo has called upon all G20 members to commit to working together to support global economic recovery in order to realize a sustainable, balanced, and inclusive world economy."It is important for us to stay focused on what we have planned to achieve this year," Warjiyo said at the opening of the second day of the G20 Finance Ministers and Central Bank Governors (3rd FMCBG) meeting.Such a focus, according to Warjiyo, will send a positive message to the global community about the role and efforts of the G20 toward supporting recovery.During Saturday's meeting, the G20 finance ministers and central bank governors discussed five topics including COVID-19 exit strategies for ensuring financial stability, climate-related financial risks, crypto assets, financial inclusion and digitization, and initiatives to address new data gaps.Written by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)