JAKARTADAILY.ID - Indonesia is conducting a series of Side Events in the G20 forum, which runs parallel with the formal meetings of Finance and Central Bank Deputies (FCBD) and Finance Ministers and Central Bank Governors, during its presidency.
The side events are being held from July 11-17 in the form of seminars, workshops, and showcases, as collaboration efforts between policymakers and industry players.
"We are bringing policymakers and industry players closer to each other so that they are encouraged to work together and progressively. Such partnership is key to overcoming the challenges during the Covid-19 period and now is transferring its energy to the rest of the G20 members and beyond," says the foreword written jointly by the Governor of Bank Indonesia Perry Warjiyo and Finance Minister Sri Mulyani Indrawati.
"The side events also serve as windows for the public to access various priority agendas discussed behind the close doors of the G20 main meetings," the foreword said.
The central bank and the finance ministry are in charge of holding the 7-day side event.
There are four flagships in the side events, with the first is Policy Normalization and Its Impact on the Economy. Second, it is Advancing Digital Economy and Finance: Synergistic and Inclusive Ecosystem for Accelerated Recovery. The third is on Green-related Issues, which serves as an umbrella for green, inclusion, and Sharia financing and the fourth is on International Taxation talking about how a number of initiatives have been reforming the international tax code.
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Perry and Sri Mulyani informed in the booklet that subthemes for the first topic include an exit strategy, scarring effect, policy mix, and infrastructure, where participants will be discussing how policy normalization brings new challenges to the global economy, and how policymakers are able to deal with them by employing the right dose of the policy mix.
In the second flagship, both high-level Indonesian government officials said the organizer will hold five-consecutive days of the digital economic festival (from July 11-15th).
This festival will be participated by banks and other financial institutions.
"Recent trends in digital finance will be discussed, including cross-border payments, crypto-assets, and CBDC (Central Bank Digital Currency),"
The third flagship on green-related issues will also discuss geographical challenges and financial inclusion. Last but not least, the fourth flagship
"All events are open for all FCBD and FMCBG delegates, central bankers, government officials, as well as business and academia, aiming to bring the G20 global premier atmosphere into a broader audience," Perry and Sri Mulyani said.
"With this note, both of us are inviting all the delegates to visit every unique side event. The side events will take place in Bali International Convention Center and Bali Nusa Dua Convention Center in Nusa Dua, a primary resort area in Bali with excellent tourism infrastructure," they said.
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