Bank of Indonesia published a readout of its participation in the first 2026 G20 Finance Ministers and Central Bank Governors Meeting under the United States presidency, held alongside the IMF-World Bank Spring Meetings in Washington DC, and the second 2026 BRICS Deputies Meeting under India’s presidency. The update notes agreement across the G20 and BRICS to strengthen international cooperation to support growth and address global imbalances. In the G20 forum, Governor Perry Warjiyo argued that analysis of global imbalances should consider the financial account as well as the current account, given perceived risks from financial-sector imbalances, and set out three policy responses: maintaining macroeconomic and financial system stability, promoting structural reforms, and implementing open trade policies. In BRICS, members agreed to strengthen South-South cooperation in response to geopolitical fragmentation, limited financing and macro-financial vulnerabilities in emerging economies, including by establishing a Task Force on Growth and Development, while BRICS central banks agreed to deepen cooperation on payment systems, artificial intelligence, cybersecurity and financial technology, as well as the global financial safety net. On the sidelines, Warjiyo met Federal Reserve Governor Michael S. Barr to discuss global economic developments, energy resilience and payment system digitalisation.
Bank of Indonesia 2026-04-17
Bank of Indonesia reports G20 push to address global imbalances and BRICS decision to establish a Task Force on Growth and Development
Bank of Indonesia reported on its participation in the first 2026 G20 Finance Ministers and Central Bank Governors Meeting and the second 2026 BRICS Deputies Meeting, highlighting agreement to strengthen international cooperation to support growth and address global imbalances. Governor Perry Warjiyo urged including financial accounts in imbalance analysis and outlined policy responses focused on macro-financial stability, structural reforms and open trade, while BRICS members agreed to enhance South-South cooperation, create a Task Force on Growth and Development, and deepen central bank collaboration on payment systems, artificial intelligence, cybersecurity, financial technology and the global financial safety net.