Sri Mulyani: Thanks to Vaccines and Policy Support, Economic Recovery is Improving

By : Nata Kesuma | Thursday, April 15 2021 - 13:25 IWST

Minister of Finance Sri Mulyani
Minister of Finance Sri Mulyani - Minister of Finance Sri Mulyani Indrawati stated that entering the second year of the Covid-19 pandemic, thanks to the launch of vaccines and policy support, the prospects for economic recovery are getting better.

However, there is still an imbalance in the global recovery because in several countries, economies are projected to experience positive growth while hard-hit countries have much lower growth projections.

"We hope that the World Bank and the International Monetary Fund can increase efforts in supporting countries around the world to effectively manage their debt burden, increase their access to vaccines and implement their growth recovery strategies," hoped the Minister of Finance at the online Development Committee (DC) World Bank Spring Meeting 2021, Friday (09/04).

The Covid-19 pandemic has put tremendous pressure on public sector finances. The G20, the World Bank, the International Monetary Fund and private creditors must work together to ensure a fair burden-sharing scheme to help low-income countries.

"We need a greater supervision and guidance from the World Bank and the International Monetary Fund to overcome the problem of increasing debt and reduce increasing pressure," said the Minister.

Regarding economic recovery, the Minister of Finance welcomed the strong and inclusive development proposal as a comprehensive framework to integrate development considerations and climate change countermeasures.

"In closing, I would like to underline my hope that the World Bank and International Monetary Fund can continue and strengthen their important role as reliable partners and effective development partners for member countries in times of need," concluded the Minister of Finance.

For an additional information, the Development Committee (DC) is a Ministerial-level forum of the World Bank Group and the International Monetary Fund for consensus building between governments on development issues.

This committee was founded in 1974 and has 25 members, generally the Ministers of Finance or Minister of Development, and which represent full membership of the World Bank and the International Monetary Fund. (ip/mr/hpy)

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…