G20 Presidency also Marks Asian Era
Amid intense rivalries and the pressure of various crises, Indonesia has succeeded in finding common ground in multilateral forums like the Group of Twenty (G20).
JAKARTA, KOMPAS – Although it has been a challenge, Indonesia’s Group of Twenty (G20) presidency was no coincidence. As the world shook with crises and conflicts, Indonesia’s effort to find common ground between the various conflicting parties in a multilateral forum like the G20 is proof that the Asian era has been revived.
In the finance track, for one, various cooperation initiatives were agreed by G20 member countries to ease the financial burden of vulnerable countries in facing the threat of multiple crises, including food, health, debt and energy. One such initiative is the energy transition financing scheme, the Country Platform for Energy Transition Mechanism for a Just and Affordable Transition.