INDONESIA'S DYNAMIC LEADERSHIP OF THE G20

Asia has become central in the global economy and it plays an increasingly large role in global politics. Against this backdrop, the role of Indonesia as President of the G20 assumes tremendous significance.

- Vaishali Basu Sharma

 As an upholder of the principle of 'Gotong Royong', translated as 'working together, shoulder to shoulder for the greater good', Indonesia can lead the G20 towards cooperative multilateralism by working together for the greater good, facing global challenges together, especially now as the world faces increasingly complex challenges post COVID-19 and stark divisions over the military operations in Ukraine.

Taking over from Italy, Indonesia's presidency of the G20 began on December 1, 2021. It has been a member of the Group of Twenty or G20 since its inception at the finance ministers' level in 1999. Indonesia will focus on three main pillars for its G20 2022 Presidency - Global Health Architecture, Sustainable Energy Transition, and Digital Transformation.

A determined member, Indonesia has been zealously working towards making infrastructure investment a G20 priority, particularly for accelerating inclusive, strong, sustainable and balanced growth. It has co-chaired the AntiCorruption Working Group, the Working Group on Energy and Commodities Markets, the Study Group on Financing for Investment, and the Infrastructure and Investment Working Group. Indonesia has proudly hosted meetings of the Study Group on Financing for Investment and the Infrastructure Investment Working Group.

As President of the crucial G20 forum, Indonesia’s focus has been to accentuate issues relating to global health architecture, digital economy transformation and energy transition as a comprehensive exit strategy to support the global recovery. Jakarta would be arranging summit meetings around the G20 Nations Finance ministers and Bank governors, the Sherpa track meeting, the working group meetings, the deputy’s meeting and sideline events eventually leading up to the G20 summit meeting in November 2022 at Bali.