P20 to Strengthen Solidarity Against Global Crisis

The Indonesian Coordinating Minister for Economics, Airlangga Hartanto, represented the government in appreciating the parliamentary forum held before the G20 Summit, namely the Parliamentary Speaker’s Summit (P20). He considered the forum to be the gate for opening dialogues between countries to solve global crises around the world.

“We are gathered here today as the world is changing rapidly. We call it as the challenge of “the perfect storm”, which is the multidimensional crisis. Without hesitation, security, economic, and environmental challenges have delayed our attempts to expedite recovery,” Airlangga delivered his opening remarks in front of the leaders of the House of Representatives (DPR) and P20 delegates at the Nusantara II Building, Senayan, Jakarta, on Wednesday (October 5, 2022).

In the same opportunity, he emphasized that global crises can only be addressed together with a strong sense of solidarity. Airlangga said that without such spirit, it will cause egos to arise among countries that will complete them in surviving the global challenges.

He also explained that Indonesia, as a country that strives to maintain solidarity amid the COVID-19 pandemic, was able to record economic growth of 5.44 percent as of Q2 of 2022. Therefore, he wishes countries, especially the G20 members, to prioritize solidarity in facing food crises, inflation, and climate change.

“We can only address those challenges when we are united with a strong sense of humanity and solidarity. As we are gathered here today, the world is looking at us with expectations to bring betterment for the people, for your constituents back home,” he said.

Therefore, Airlangga stressed that the working groups and engagement groups in G20, such as P20, must provide comprehensive solutions to global crises, especially in the economic sector. He hopes that the G20 has “deliverable” values that can guide and simultaneously be implemented in countries attending the G20. Indonesia is taking several measures to anticipate global crises. One of them is through launching a program to encourage MSMEs with microcredit loans. The financing scheme is expected to build food security in Indonesia. Several countries that know this program have shown their desire to replicate the financing scheme, which also attracts the attention of the World Bank.