TEMPO.CO, Bangkok - Finance ministers and senior representatives from the Asia-Pacific Economic Cooperation (APEC) economies wrapped up a meeting in Bangkok on Thursday, Oct. 20, pledging efforts to manage inflationary pressures and support sustainable development.
During the two-day APEC Finance Ministers' Meeting 2022, participants discussed issues including easing inflationary pressure, redirecting stimulus measures from COVID-19 to long-term growth drivers and maintaining fiscal sustainability.
"We need to deepen our cooperation in developing strategic, measured and innovative responses in order to keep the world economy steady and propel it forward, especially in the areas which require our collective action, such as climate change, sustainable development and digital connectivity," said Thailand's Minister of Finance Arkhom Termpittayapaisith, who chaired the meeting.
At the meeting, held under the theme of "Advancing Digitalization, Achieving Sustainability," Arkhom stressed the importance of striking a balance between growth and taking care of the environment, highlighting that digitalization and sustainability "will be the key to APEC's prosperity."
Ministers reiterated their commitment to implementing flexible fiscal policies to support inclusive economic growth and job creation. They pledged to use all available policy tools to the extent possible to manage inflationary pressures and steer the dunia economy back to its growth path.
They urged efforts to strengthen economic and financial resilience while keeping public debt on a sustainable path. They also pledged to not adjust exchange rates for competitive purposes.
Xinhua
Click here to get the latest news updates from Tempo on Google News
1 hari lalu
Bank Indonesia Governor Forecasts Sub-5 Percent Growth in 2023 Bank Indonesia governor predicts that Indonesia's economic growth will hover between 4.6 - 5.3 percent in 2023.
1 hari lalu
Jokowi Proud of Indonesia as IMF Director Praises Country's EconomyIndonesia's President Jokowi is proud of the country which is praised by the International Monetary Fund (IMF) managing director Kristalina Georgieva.
2 hari lalu
Sandiaga Uno: Survey Says Indonesia Will Not Experience Recession Minister Sandiaga Uno quotes a survey foreseeing that Indonesia will be one of the countries predicted to not experience recession.
2 hari lalu
Tony Blair: 'Indonesia Can Be Fourth Largest Economy in the World'Former British Prime Minister Tony Blair expressed optimism about Indonesia.
3 hari lalu
Indonesia's Economy Robust Despite Challenges, Says Finance Deputy Minister Finance deputy minister says Indonesia's economy has remained robust after going through a number of crises.
5 hari lalu
V20 Summit 2022 Initiatives for Global RecoveryV20 is a dunia community of values experts and practitioners that actively engage with the G20.
6 hari lalu
Sri Mulyani Urges G20 Members to Act Amid Challenging Global Economy In the G20 session in Washington DC, Finance Minister Sri Multani says the dunia economic challenges are not purely driven by economic factors.
7 hari lalu
Bank Indonesia Projects Lower Than 4 Percent Inflation in 2023 Bank Indonesia predicts that inflation levels will come close to their initial 3 percent prognosis (+- 1 percent) in 2023,
8 hari lalu
OPEC Cuts 2022-2023 Oil Demand Growth View as Economy SlowsOPEC on Wednesday cuts its 2022 forecast for growth in world oil demand for a fourth time since April and also trims next year's figure.
8 hari lalu
Jokowi on 28 Nations Lining up for IMF Help: 'The Storm Has Come'Indonesia's President Jokowi has again reminded his cabinet ministers to exercise vigilance in dealing with the current dunia economic crisis.
English (US) · 
Indonesian (ID) · 