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G7 Summit – JAKARTA. Foreign Minister Retno Marsudi said at the side event of the G7 summit in Japan that President Joko Widodo (Jokowi) said Indonesia has a big infrastructure construction program. Infrastructure development aims for equity and increased competitiveness. Retno said President Jokowi invited the Partnership for Global Infrastructure and Investment (PGII) to work together and support infrastructure development in Indonesia, including the development of the capital of the archipelago (IKN). “Indonesia expects PGII to support the development of IKN through concrete investments and other innovative financing,” Retno said on the Presidential Secretariat’s YouTube channel on Sunday, 5/21. Read also : Jokowi seeks support from Canadian PM to expedite Indonesia-Canada CEPA Retno explained that Indonesia is carrying out Indonesia-centric infrastructure development, including the construction of the IKN. Where IKN development is needed to overcome inequalities. “IKN is designed as a nature-based future smart city with 70% green space and 80% energy sources from new renewables,” he explained. Therefore, investment in the development of IKN is very open in various sectors, including transport, health, educational technology and others. The president explained that previously, infrastructure development in Indonesia was only centered on the island of Java. This has resulted in an uneven distribution of population and economic activity in the country. “Previously, infrastructure development was only centered on the island of Java, one of the 17,000 islands belonging to Indonesia, which eventually resulted in the concentration of 56% of the population on the island of Java. and 58% of economic activity also centered on the island of Java,” Jokowi said. Jokowi further stated that funding for basic infrastructure development at IKN comes from the state budget. The President also said that he would open financing opportunities to the private sector or investors if the internal rate of return (IRR) of the construction is deemed good. “We will do the financing of infrastructure from the state budget, then also from the BUMN, and if the TRI is good, we will give it to the private sector or to investors,” he said. For information, the PGII is a collaboration formed by the G7 to finance infrastructure development in developing countries. The G7 side event i.e. PGII brought together the G7 members i.e. Japan, USA, Germany, Canada, Italy and UK along with the European Union . In addition, G7 partner countries were also present, namely Indonesia, India, Australia, South Korea, Comoros, Vietnam and Cook Islands. Then, the World Bank as well as three representatives of the private sector, namely the Japan External Trade Council, Nokia and Citi Group also participated in the PGII. Check out other news and articles on Google News Publisher: Herlina Kartika Dewi