Indonesia's Ministry of Finance published a readout of Deputy Finance Minister Thomas Djiwandono leading Indonesia’s delegation to the 4th G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington, D.C. on 15–16 October under South Africa’s presidency. The discussions covered the global economic outlook, reforms to the international financial architecture, financial sector issues, and the launch of a new framework to strengthen Africa’s engagement in the G20 finance track. G20 members assessed the global economy as resilient but facing heightened risks from geopolitics, supply chain disruptions, rising debt vulnerabilities and extreme climate events, and emphasised the need for balanced fiscal and monetary policies alongside structural reforms. The ministry linked this to Indonesia’s approach of maintaining a disciplined but pro-growth fiscal stance, including keeping the deficit below 3% of GDP while expanding public and private investment. The meeting welcomed progress on reforming multilateral development banks’ Capital Adequacy Framework to expand lending capacity and promote blended finance, alongside a push to strengthen developing-country representation in global financial institutions. On sovereign debt, G20 endorsed a Ministerial Statement on Debt Sustainability calling for transparent, rapid and coordinated handling of debt vulnerabilities and adopted Climate Resilient Debt Clauses that would allow payment deferrals for countries hit by major disasters; the group also reiterated commitments on cross-border supervision, post-crisis reforms, and greater regulatory alignment for crypto-assets and fintech, which the ministry connected to Indonesia’s Financial Sector Development and Strengthening Law. A key deliverable was the G20 Finance Track Africa Engagement Framework for 2025–2030, intended to deepen G20–Africa cooperation on infrastructure, governance strengthening and sustainable finance, with Indonesia underscoring debt transparency, accountability and local financing readiness as implementation priorities.
Ministry of Finance (Indonesia) 2025-10-21
Indonesia's Ministry of Finance reports G20 finance leaders launch Africa Engagement Framework and endorse debt sustainability measures
Indonesia's Ministry of Finance reported Deputy Finance Minister Thomas Djiwandono's participation in the 4th G20 Finance Ministers and Central Bank Governors meeting in Washington, D.C. The meeting addressed global economic resilience amid geopolitical risks, supply chain disruptions, and climate events, emphasizing balanced fiscal and monetary policies. Key outcomes included endorsing a Ministerial Statement on Debt Sustainability, adopting Climate Resilient Debt Clauses, and launching the G20 Finance Track Africa Engagement Framework for 2025–2030.