Connecting people in various regions will be our goal, so that productivity can improve and competitiveness can become higher

Jakarta (ANTARA) – Finance Minister Sri Mulyani Indrawati is optimistic that infrastructure development would support the recovery of the pandemic-affected economy to strengthen.

“To this end, it is important to direct infrastructure investments towards sustainable development,” Indrawati said during his participation in the D20-LTIC international high-level conference online here on Friday.

The minister said that investing in sustainable infrastructure can yield better results for the private sector, government and financial institutions.

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Through sustainable investments, a balance can be found to achieve economic, social and environmental recovery for the whole country.

The finance minister noted that infrastructure investments will be the focus of Indonesia’s G20 presidency in 2022.

“Connecting people in different regions will be our goal, so that productivity can improve and competitiveness can become higher,” she said.

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Indrawati said the budget allocation for infrastructure development in the 2021 state budget has reached 470 trillion rupees.

However, infrastructure financing can no longer be done by government alone, so it was necessary for the private sector to become more involved.

The Minister stressed that the current situation of the private financial sector makes them capable of doing so, although the challenges lie in opening up financing for sustainable infrastructure.

During the conference, Indrawati also noted that G20 members have issued fiscal stimulus measures worth US $ 16 trillion to mitigate the impacts of COVID-19 from January 2021 until now.

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For emerging countries that are part of the G20, the stimulus was specifically aimed at workers affected by COVID-19 and investments in infrastructure, she explained.

Global Infrastructure Hub analysis shows that every G20 government is committed, so infrastructure investments are part of the COVID-19 stimulus.

Indrawati believed that investments in infrastructure can ensure that emerging countries and poor countries participate in the global economic recovery.

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