UK-US-Canada G20 walkout, Sri Mulyani speaks out

Jakarta, CNBC Indonesia – The UK, US and Canada left the G20 meeting in compact form in protest at Russia’s invasion of Ukraine. Finance Minister Sri Mulyani Indrawati opened her voice.

As is known, on Wednesday (4/20/2022) Finance Ministers and Central Bank Governors held a series of meetings in Washington DC, United States of America as a follow-up to the meeting of the G20.

Sri Mulyani explained that the meeting brought together G20 countries including Ukraine and international and regional organizations. The meeting, Sri Mulyani said, was held in a difficult situation amid ever-escalating geopolitical tensions between Russia and Ukraine, which also impacted countries outside Europe.

“Members expressed deep concern over the humanitarian crisis, economic and financial impact of the war, and called for an end to the war as soon as possible. Many members condemned the war as unreasonable and unjustified, and a violation of international law,” Sri Mulyani explained during a virtual press conference on Thursday (4/21/2022).

At this meeting, it is known that representatives of the United Kingdom, the United States and Canada withdrew while the Russian delegation spoke at a meeting in Washington.

In response to this, Sri Mulyani explained in the consultation and briefing sessions prior to this meeting that Indonesia as the G20 2022 Presidency understood that there are several scenarios on how countries of the G7 would react to what Russia had done to Ukraine.

Sri Mulyani asserted that the walkout that was carried out by the three countries at this meeting did not disrupt the series of events at all. He considered it a natural thing to express his opinion.

“So in this case, it’s not too surprising for all of us, especially for us as presidents, and in my opinion, it does not cause problems in our discussion, which is also related to the substance it yourself,” said Sri Mulyani.

G20 member countries, including invited countries, in this case Ukraine and international organizations, and some of the members spoke about global economic risks and needed to be mitigated immediately.

“It is interesting to note that even though there was strong criticism of the war in Ukraine by Russia, all members actually stressed the need for us to be able to continue to maintain cooperation with the G20, and the importance of multiculturalism,” he said.

“I think it’s good and it’s widely recognized and openly expressed by all the members. Because I think the members of the G20 see the responsibility of the group, it’s so that we can overcome the problems that are systemically important to the global economy,” Sri Mulyani said. Again.

Although, Sri Mulyani continued, there are several parties that have used provocative terms in the current situation. Where the pandemic is not over, the recovery is still very fragile, facing supply chain disruptions, and now war – making the economic situation even more strained.

Nonetheless, this provocation must be a trigger for policymakers to continue supporting and mitigating problems amid the ongoing economic recovery.

“So in this case, I think it is even more interesting that all G20 members see this as a very important forum as the main economic cooperation, and should continue to coordinate and collaborate together,” Sri Mulyani said. .

“I think it is something that is natural to come out during the meeting. However, it will not interfere with the role of the G20 forum,” Sri Mulyani continued.

[Gambas:Video CNBC]

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