G20 Finance Ministers and Central Bank Governors attend 3rd FMCBG meeting in finance track

Baku, July 16, AZERTAC

The G20 Finance Ministers and Central Bank Governors (FMC BG) Meeting has officially begun as a hybrid event in Nusa Dua, Bali. This is the 3rd FMCBG meeting of Indonesia’s G20 Presidency in the Finance Track after previous meetings held in February 2022 (Jakarta) and April 2022 (Washington, D.C.). The FMCBG meeting is conducted over two days, preceded by the hybrid Finance & Central Bank Deputies (FCBD) Meeting on 13- 14th July 2022 at the same venue. The G20 Finance Ministers and Central Bank Governors Meeting aims to stimulate the global economy to recover together amid various emerging challenges.

The 3rd FMCBG meeting is attended by the largest number of delegations of Indonesia’s G20 Presidency, with 407 foreign delegations attending in person and another 120 virtually. In addition, 19 Finance Ministers and 11 Central Bank Governors are also attending in person.

Indonesia, as G20 President, invited the Finance Minister of Ukraine to attend the event virtually. The physical presence of most G20 delegations, invitees and international organisations in Bali demonstrates the seriousness and global commitment to supporting Indonesia’s G20 Presidency and reviving economic sustainability, particularly amid the emerging global challenges.

The Minister of Finance and Governor of Bank Indonesia are hosting the meeting. In her opening remarks, Finance Minister Sri Mulyani Indrawati stated that “the G20 needs to go further by taking concrete actions based on the spirit of cooperation, collaboration and consensus to address the global challenges.”

Indonesia’s G20 Presidency continues to evoke the spirit of multilateralism at the G20 Finance Ministers and Central Bank Governors Meeting by facilitating and providing full supports for the main G20 agenda. Furthermore, Indonesia’s G20 Presidency also strives to achieve concrete outcomes with a direct impact on the global economic recovery process as we recover together, recover stronger.

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