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Private Sector Needs Support to Play Bigger Role

The World Bank in its Global Economic Prospects Report released in January 2022, estimates that economic growth will slow from 5.5 percent in 2021 to 4.1 percent in 2022 and 3.2 percent in 2023.

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AGNES THEODORA WOLKH WAGUNU
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Minister of Trade M Lutfi, Minister of Communications and Informatics Johnny G Plate, Head of Committee B20 Shinta W Kamdani, Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of Foreign Affairs Retno Marsudi, and Minister of SOEs Erick Thohir (left to right) take a group photo at the opening of the inception meeting B -20 in Jakarta, Thursday (27/1/2022).
Kompas/Heru Sri Kumoro

Minister of Trade M Lutfi, Minister of Communications and Informatics Johnny G Plate, Head of Committee B20 Shinta W Kamdani, Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of Foreign Affairs Retno Marsudi, and Minister of SOEs Erick Thohir (left to right) take a group photo at the opening of the inception meeting B -20 in Jakarta, Thursday (27/1/2022).

Businesses in developing countries play an important role in promoting inclusive and sustainable economic recovery. However, the business world needs government support to carry out this role. On the other hand, the business world also needs to draw up concrete actions to address the gaps and threats of the climate crisis.

Editor:
NASRULLAH NARA
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