G20 finance ministers, central bank governors to meet in Jakarta

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Finance Ministers and central bank Governors from G20 members will gather from February 17 to 18 for their first meeting in 2022 under the Indonesian presidency in Jakarta, despite a steady increase in daily Covid-19 cases.

High-profile topics to be discussed in the first Finance Ministers and Central Bank Governors (FMCBG) meeting would be about inflation, policy normalization and digitalization to help G20 members recover their economy from the pandemic situation, Xinhua news agency quoted Perry Warjiyo, Governor of Bank Indonesia.

“We’ll also talk about the development and stability of the global financial market. However, digitalization could be our primary focus because that is what we need to recover our economy and expedite the economic transformation after we’ve suffered the pandemic for two years,” Warjiyo said on the sidelines of the Casual Talks on Digital Payment Innovation of Banking in Jakarta.

The FMCBG meeting would be held at the Jakarta Convention Center and the Gelora Bung Karno sports stadium in central Jakarta.

The meeting would be preceded by a meeting of finance ministry and central bank deputies from Feb. 15 to 16.

Both of the meetings were initially scheduled to take place in Nusa Dua in Indonesia’s popular resort island of Bali, but moved to Jakarta as the Indonesian authorities are sure that the capital city is much safer due to its high Covid-19 vaccination rate.

The meetings would take place both offline and virtually, Indonesia’s Finance Minister Sri Mulyani Indrawati said recently, reminding that the meeting be held under tight health protocols and all participants be strongly required to follow the rule.

The high-level meetings are held amid increasing daily Covid-19 cases including those Omicron cases in Indonesia.

The Southeast Asia’s largest economy on Monday confirmed 36,501 new Covid-19 cases, raising its tally of infections to 4,844,279.

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