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The G20 must act so that the world does not experience a protracted crisis


JAKARTA, KOMPAS.comPresident Joko Widodo say, countries G20 must take a number of steps to ensure that world not threatened to fall inside crisis prolonged.

This was conveyed during a speech at the G20 summit session which discussed sustainable development in La Nuvola, Rome, Italy, Sunday (10/31/2021).

The President encouraged the G20 countries to make a number of efforts to accelerate the achievement of the Sustainable Development Goals or SDGs.

“We must act immediately so that the world does not risk falling into a protracted crisis. We, the G20, must make a number of joint efforts to ensure that the SDGs are achieved in line with the goal, in nine years, ”said Jokowi, quoted in a press release published on the official website of the Presidential Secretariat. , Monday (1/11/2021).

Also read: Heads of state support for Indonesia in the G20 presidency next year

First, mobilize solidarity to help the most vulnerable countries and communities.

According to Jokowi, the initiative suspension of debt service and the additional SDR allocation worth US $ 650 billion is an important step in providing policy space for low- and middle-income countries to focus on fighting the pandemic.

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Second, strengthen global partnerships to help finance and access technology for developing countries.

Funding gap which goes from US $ 2.5 trillion per year to US $ 4.2 trillion per year, must be of serious concern.

“Innovative financing mobilization to close the financing gap for the SDGs, in particular by mixed financing must be done immediately, ”Jokowi said.

“A sustainable increase in private investment must be encouraged to revive the economy and create jobs in developing countries,” he continued.




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