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

Launch of OKINO C100, tiny vape with O-Tape Coil technology. (Photo: OKINO Public Relations)

Kamis, 29 September 2022 - 15:38 WIB

OKINO C100, Tiny Vape With O-Tape Coil Technology

The consumption of e-cigarettes in Indonesia continues to increase. The Indonesian Personal Vaporizer Association (APVI) estimates that there are currently 2.2 million e-cigarette (vape) users.…

EH Free Swinging Hinges

Kamis, 29 September 2022 - 12:00 WIB

Southco Introduces Free-Swinging Hinges in New Materials to Meet Demanding, Heavy-Duty Applications

Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning…

President Jokowi distributes direct cash assistance in South Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 21:50 WIB

President Jokowi Distributes Assistances in South Buton

President Joko “Jokowi” Widodo Tuesday (09/27) distributed direct cash assistance (BLT) for fuel for beneficiaries of Family Hope Program (PKH) at Batauga post office, South Buton regency,…

President Jokowi at the inspection at PT Wika Bitumen, Buton regency, Southeast Sulawesi province, Tuesday (09/27). (Photo by: BPMI Presidential Secretariat/Laily Rachev)

Rabu, 28 September 2022 - 19:00 WIB

President Jokowi Pushes for Revival of Asphalt Producing Industries in Buton

President Joko “Jokowi” Widodo Tuesday (09/27) expressed hope to Buton regency, Southeast Sulawesi province to maximize its potential so it can re-emerge as an asphalt-manufacturing industrial…


Rabu, 28 September 2022 - 17:00 WIB

KRAIBURG TPE to campaign in Düsseldorf: The focus is on sustainable products and discussion

To ensure that customers of KRAIBURG TPE always achieve the best result, individual materials solutions are developed for many requested applications. The result: Right in time for the 2022…