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Various activities of the G20 Presidency are being considered to increase currencies for economic recovery

REPUBLIKA.CO.ID, JAKARTA — The G20 was formed in 1999 to discuss policies aimed at achieving international financial stability. This forum was formed with the aim of finding a solution to the global economic conditions that were hit by the global financial crisis of 1997-1999 by involving middle-income countries and having systemic economic influence, including Indonesia.

Agreeing to this, the General Chairman of the Association of Indonesian Employers (APINDO), Hariyadi Sukamdani, said that various activities G20 Presidency in Indonesia has a positive impact on the recovery of the national economy and also showcases Indonesia’s potential in the eyes of the international community.

“Mountain peak G20 will increase inward foreign currency so that economic recovery can be achieved, especially in and around Bali, so that the international community will know about Indonesia’s potential and be indirectly interested in investing in Indonesia,” Hariyadi said.

Apart from economic recovery and promoting Indonesia’s potential internationally, Hariyadi said the benefits of becoming the G20 presidency are that Indonesia can play a proactive role in various international cooperation forums so that relations between the G20 countries are better.

“While global geopolitical conditions are still clouded by uncertainty, especially due to the conflict between Russia and Ukraine, the Indonesian G20 Presidency must be able to maintain global connectivity and supply chains in order to create better and closer relations between the G20s,” Hariyadi said.

Hariyadi also invited entrepreneurs to participate and make the G20 summit to be held in November 2022 a success. Moreover, businessmen also met at the P20 event,” Hariyadi said.

The G20 is a forum for multilateral cooperation made up of 19 major countries and the European Union (EU). The G20 represents more than 60% of the world’s population, 75% of world trade and 80% of world GDP. G20 members are South Africa, United States, Saudi Arabia, Argentina, Australia, Brazil, India, Indonesia, United Kingdom, Italy, Japan, Germany, Canada, Mexico, Republic of Korea, Russia, France, China, Turkey and the European Union.