- Indonesia’s Minister of Finance, Sri Mulyani Indrawati (“Minister”), recently revealed seven priority agendas that Indonesia will focus on during the G20 Finance Track, which encompass an exit policy aimed at supporting recovery, financial matters, as well as international taxation matters.
- Further details on these agendas break down as follows: 1) Coordination of global policies in order to spur an economic recovery, including exit policies, as well as a gradual and coordinated reduction in extraordinary and unsustainable macro-policy interventions by G20 member countries; 2) The various impacts of the Corona Virus Disease 2019 (COVID-19) pandemic across the healthcare and economic sectors (e.g. in relation to productivity and economy recovery); 3) Concerns relating to central bank digital currencies (“CBDC”), specifically issues concerning the general principles for CBDC development; 4) Sustainable finance through the establishment of a green, sustainable economy; 5) Cross-border payments, including discussions of the benefits of optimizing digitalization in order to increase productivity and overcome potential risks and challenges; 6) Financial inclusion, which encompasses digitalization and micro-, small- and medium-scale enterprises, and which should place a focus upon open banking; and 7) Progress and implementation in relation to global taxation principles, including the issue of tax incentives. (ANT)
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