FEM Indonesia – Presenter Clara Antawidjaja, Moderator of the G20 Finance Track Side Event, sees that the Indonesian Presidency in the G20 should be utilized to encourage the strengthening of the economic sector in the midst of the world’s economic recovery.

On the supply-side, there is a resurgence in business sector. The business, she said, is starting to gain momentum of recovery since the COVID-19 pandemic began to disappear from Indonesia.

The economic recovery, explained Clara, has actually begun to occur since the end of 2021. Based on BPS (Statistic Indonesia) data, economic growth in the fourth quarter of 2021 will grow 5.02% and overall in 2021 the Indonesian economy will grow 3.69%. This is a good figure compared to the previous year with a contraction of 2.07%.

“Indonesia’s recovering economic condition certainly attracts global investors in Indonesia. In addition, the Indonesian Presidency in the G20 is committed to developing green and sustainable finance. One of the themes of this year’s G20 meeting is ‘Scaling Up The Utilization of Sustainable Financial Instruments’,” said Clara.

Clara Antawidjaja, who is the CEO of Antawijaya Consulting, thinks that the G20 can be the right momentum to attract global investors as this would help improving the resilience of the Indonesian economy. The world’s demands for sustainability and low emissions have spawned a number of innovations. The demands also include the development of sustainable green finance.

What is sustainable finance? Utilization of financial instruments as an effort to develop sources of financing to address climate change and address the risks of transitioning to a low-carbon economy.

“It is hoped that with a good economic recovery, as well as the implementation of a sustainable economy, global investors will be more interested in investing in Indonesia,” said Clara.