Indonesia also said that the G20 needs to seize opportunities to strengthen the Multilateral Development Banks and private investment for financing Global Public Goods (GPGs).
Related to that, Indonesia is a case example for GPG financing through the Energy Transition Mechanism (ETM) initiative, as a form of catalyzing government funding, Multilateral Development Banks, and private investment.
As for international taxation, Sri Mulyani reiterated that the goal of the Two Pillar Solution is to improve fairness, convenience, and certainty.
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In particular, Pillar One will provide a fairer profit allocation to improve equality. Meanwhile, Pillar Two is aimed at addressing the remaining Base Erosion and Profit Shifting (BEPS) issues.
The Minister said that capacity building on Pillar Two should be prioritized because Pillar Two will be implemented soon.