In his remarks, Vice President Gibran said that Indonesia continues to push for financial inclusion, including through the adoption of QRIS (Quick Response Code Indonesia Standard), which encourages broader participation in the economy.
“Our national digital payment system, QRIS, demonstrates how simple and low-cost digital solutions can foster economic participation and reduce inequality,” he said.
During the first session of the G20 Summit, world leaders discussed sustainable economic issues, the role of trade and finance in development, and the debt challenges faced by developing countries.
In this context, he said that Indonesia welcomes the G20’s focus on sustainable finance, but stressed that ambitions must go further to close financing gaps and support adaptation, mitigation, and a fair and equitable transition.
He said the world needs more accessible, predictable, and equitable financing, particularly for developing countries, through debt relief, innovative financing, blended finance, and mechanisms for green transition.
Indonesia has allocated more than half of its national climate budget, or around USD 2.5 billion annually, to support green micro, small, and medium enterprises (MSMEs), agricultural insurance, and climate-resilient infrastructure.
Gibran also highlighted emerging technologies, including crypto assets and digital tokens such as Bitcoin, which he said present both opportunities and risks.
“Therefore, Indonesia proposes that the G20 initiate a dialogue on economic intelligence,” he said.
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Translator: Mentari Dwi, Asri Mayang Sari
Editor: Primayanti
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