“A More Inclusive and Sustainable World Economic Recovery”

Jakarta, Indonesia, August 27, 2022

The COVID-19 pandemic has had a significant impact, both in the financial, trade, industrial, tourism and health sectors. This pandemic has caused in a slowdown in the speed of the economy for affected countries, of course this slowdown in economic speed affects Sustainable Development for a better future. The pandemic is encouraging governments and businesses to accelerate adoption of digital solutions, with increasing demands for remote work, distance learning and e-commerce, as well as the need for new digital tools to support social distancing and contract training.

Starting from many challenges that will be faced by the world, these challenges need to be anticipated properly so that they can bring all countries into developed and inclusive countries. A developed and inclusive country which means the country’s economy is supported by maintained stability, high economic growth, strong external resilience, and increasing welfare of the wider community, of course with a priority strategy/agenda to achieve a sustainable economy, as follows:

  1. Exit Strategy to Support Recovery

To discussing how countries that have recovered their economies can help countries that are still on their way to economic recovery (especially developing countries)

  1. Adressing Scaring Effect to Secure Future Growth

To overcome long lasting impact of the crisis by increasing productivity and long-term growth, paying attention to employment, households, the corporate sector, and the financial sector.

  1. Payment System in Digital Era

To discuss the cross-border payment standards, as well as development principles

  1. Sustainable Finance

To discuss sustainable finance from a macro-economic from the point of view of financial stability

  1. Financial Inclusion: Digital Financial Inclusion & SME Finance

To support open banking to boost productivity and to support inclusive economics and finance for the underserved community, namely women, youth, and MSME, including cross-border aspects.

  1. International Taxation

To discuss international taxation, mostly related to the implementation of the joint Framework on tax planning strategies.