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(The quantity) consists of further (funding commitments) that a number of member states conveyed on the third assembly of the G20 Finance Ministers and Central Financial institution Governors (third FMCB).
Badung, Bali (ANTARA) – Commitments for the monetary middleman fund (FIF) for pandemic prevention, preparedness, and response (PPR) have now reached almost US$1.28 billion, Finance Minister Sri Mulyani Indrawati has knowledgeable.
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“(The quantity) consists of further (funding commitments) that a number of member states conveyed on the third assembly of the G20 Finance Ministers and Central Financial institution Governors (third FMCBG),” she stated throughout a press convention on the result of the third G20 FMCBG Assembly in Nusa Dua, Bali, on Saturday.
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The funding commitments got here from the US, the European Fee, Germany, Indonesia, Singapore, Britain, Welcome Belief, and the Invoice and Melinda Gates Basis.
Associated information: Mulyani holds bilateral conferences earlier than G20 FMCBG Assembly
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The extra funding commitments made on the third G20 FMCBG assembly got here from Italy, China, the United Arab Emirates, Japan, and South Korea.
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Through the assembly, G20 member states reiterated their dedication to make use of all obtainable coverage apparatuses to cope with financial challenges so as to preserve monetary stability and monetary steadiness in the long term.
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The G20 nations additionally mentioned the institution of the FIF for pandemic prevention, preparedness, and response, Indrawati stated.
Associated information: G20 members ought to deal with dangers of monetary exclusion: BI governor
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The FIF is a concrete step towards constructing the worldwide well being structure and enhancing pandemic prevention, preparedness, and response by making certain ample, sustainable, and coordinated financing for post-pandemic restoration.
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“We’ll hold discussing FIF good governance and operation management as an additional step. Hopefully, it may be launched this 12 months,” she stated.
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