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The View | How Indonesia will use its G20 presidency to steer post-pandemic recovery
- Indonesia aims to use the platform to help hasten economic revival and prevent, prepare for and respond to future pandemics
- Addressing uneven vaccine roll-out and grappling with the complex macroeconomic environment are immediate challenges
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As we usher in the new year, Indonesia assumes the presidency of the G20, a forum of major economies which account for 80 per cent of global gross domestic product, 75 per cent of international trade and 60 per cent of the global population.
Indonesia aims to use this platform and the momentum in shepherding global collaboration to expedite economic recovery and prevent, prepare for and respond to future pandemics. Thus, Indonesia’s G20 presidency has been aptly themed “Recover Together, Recover Stronger”.
We understand that the decisions the G20 makes affect the global economy. It is a big responsibility for the forum, and for Indonesia as its current president, given the challenging economic environment the world is now facing.
The pandemic is not over. Although global economic recovery continues, it is uneven due to diverging growth paths. The Omicron variant is contributing to heightened uncertainty and has highlighted the risks of the uneven vaccine roll-out within and across countries.
Addressing this is critical to fighting the pandemic. We know there is enough vaccine production to cover around 80 per cent of the world, but it is not evenly distributed and puts global recovery at risk.
Improving vaccine access is critical. In October, the G20 established the Joint Finance Health Task Force, which will commence its work during Indonesia’s presidency.
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