Indonesia would raise development issues at the G-20 meeting

Indonesia would raise development issues at the G-20 meeting on November 11-12 in Seoul to represent the interests of developing nations outside the grouping, a trade official said.

“President Susilo Bambang Yudhoyono will be a keynote speaker at the G-20 meeting and raise the issue of development. This is to show that Indonesia really is serious about having the G20 talk not only about financial issues,” Deputy Trade Minister Mahendra Siregar said here Thursday.

He said Indonesia had two targets for the G-20 meeting, namely encouraging the coordination of member countries` currency management policies and getting G-20 meetings to also discuss development issues.

Development issues, he said, had in fact been discussed at the n G-20 meeting in 2002 in India but now there was the need to again raise the issues so as to bolster the legitimacy of the G-20 among other developing nations. Development issues were always connected with the main issues of developing countries in general.

Siregar also said, although the G-20 forum was not formed based on any international agreement, it could function as a communication media where member countries could be open to each other with regard to understanding each other`s domestic problems to find the right solution to them.

“G-20 can also complement the development agenda of other international organizations such as the MDGs and the United Nations. If Indonesia can really push the group to also discuss development issues, the world`s situation may change accordingly,” he said.

Indonesia would make itself available to co-chair the forum`s working group on anti-corruption efforts, he said.

Financial and monetary authorities of G-20 countries last October met in Gyeongju, South Korea, and discussed various issues so that they decided to form the G-20 Ministerial and Governors` Meeting (MGM).

G-20 MGM in Gyeongju was used as a platform to discuss three salient issues, namely global economic performance, including the respective exchange rate policies of G-20 member countries, implementation of the Framework for Strong, Sustainable and Balanced Growth; and reform of international financial institutions, the IMF in particular.

At the meeting G-20 member countries acknowledged the importance of anticipating slower-than-expected global economic progress and the multi-speed recovery across different regions.

Leave a Reply