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Indonesia Is Ready To Take Over The Presidency Of Business 20 In 2022

Jakarta, October 8th, 2021

Indonesia officially resume the Presidency of Business 20 (B20) for the period of 2022 by receiving the B20 Presidency relay from Italy at the B20 Summit which will be held on 7-8 October 2021 in Rome, Italy. B20 is a global dialogue forum consisting of world businesses, especially business people from G20 countries. Approaching the Indonesian Presidency at the 2022 G20 Summit, throughout 2022, B20 Indonesia is ready to hold meetings, dialogues and summarize the opinions of global business actors in the form of policy recommendations for the G20 Summit, which is an annual conference organized by the 20 countries with the largest economies in the world. together with the European Union.


It has been going on since 2010, B20 is consistently held every year as part of the G20 with the aim of compiling policy recommendations with clear implementation targets, focusing on economic growth and development of each member country.


The series of Indonesian B20 activities will officially begin on January 24-25, 2022 through the Inception Meeting which marks the start of the Indonesian B20 Presidency. Furthermore, a series of task force and side event level meetings will take place throughout 2022. The meeting will culminate in the B20 Indonesia Summit which is planned for 20-21 October 2022 in Bali. This summit will invite selected business delegates who are representatives of approximately 6.5 million global business communities that are under the auspices of the G20 member countries.


"Indonesia is ready to carry out its duties as the G20 Presidency in 2022. I am optimistic that this year we will be able to begin to recover, next year we can RECOVER STRONGER, and we can RECOVER TOGETHER." stressed the President of the Republic of Indonesia, Joko Widodo at the handover ceremony for the B20 Presidency from Italy to Indonesia on October 8, 2021. The President also added “Indonesia expects support from all G20 member countries and the business community to make the priority agenda of the Presidency a success. Indonesia invites ladies and gentlemen to work together in trade, in industry, in investment and also in tourism.”


To organize the series of B20 Indonesia meetings, the Government of Indonesia has officially appointed the Indonesian Chamber of Commerce and Industry (KADIN) to be the party in charge of organizing the B20 forum in 2022. To increase the sense of ownership among domestic business actors, B20 Indonesia together with KADIN will conduct socialization, consultation , and advocacy with a number of Indonesian business and business associations on the priorities promoted in the Indonesian B20 Presidency. KADIN, together with B20 Indonesia, will be the representatives of global B20 businessmen to bridge the dialogue between B20 and the Government of Indonesia, which represents the voices of countries that will participate in the G20. “With the recoveryof the world economy after the pandemic and the start of the new normal, the global business community as stakeholders in the G20 needs to ensure that the existing economic recovery process is carried out in an inclusive, sustainable, and resilient manner against unexpected conditions. It's time for G20 businesses to take action that ensures equitable prosperity and economic inclusiveness for all. KADIN Indonesia is honored for the opportunity to become a facilitator for the implementation of the B20 Summit in Indonesia,” said M. Arsjad Rasjid, Chairman of KADIN Indonesia .


In this B20 Presidency, Indonesia stated that it is ready to create an innovative, inclusive, and collaborative global economy for the realization of a stronger recovery and sustainable economic impact. Despite continuing the leadership relay from the Italian B20, the Indonesian Chamber of Commerce and Industry (KADIN Indonesia) stated that Indonesia's position as an emerging country creates a different emphasis and approach by prioritizing a balance between the recovery needs of developed and developing countries.


Shinta Widjaja Kamdani as Coordinator of Deputy General Chair III of Kadin and CEO of the Sintesa Group who has been elected to serve as Chair of B20 Indonesia during this Presidency, also expressed her optimism.
“We are honored and ready to take Indonesian businesses into the global realm in this increasingly dynamic climate. The series of events from the Inception Meeting, side events and others that we have planned are expected to result in collaborative collaboration for innovative, inclusive and sustainable growth," explained Shinta.


Indonesia's B20 presidency will focus on three main visions, namely:

  1. Embracing a collaborative recovery and growth
    Indonesia will facilitate cooperation between countries to achieve a strong and equitable recovery;
  2. Boosting an innovative global economy
    Indonesia supports the acceleration of technology adoption and industrial innovation;
  3. Forging an inclusive and sustainable future
    Indonesia is ready to empower women and MSMEs to maximize the potential of the global economy, as well as support a supportive economy for the sustainability of the planet.


In the B20 Presidency, 7 task forces (Task Force)/Action Council has been formed which include Trade and Investment, Future of Work and Education, Finance & Infrastructure, Energy, Climate and Sustainability, Integrity and Compliance, as well as the Women in Business Action Council. These taskforces have been formed to ensure that the policy recommendations provided are inclusive, sustainable and improve welfare and economic recovery, for both Indonesia and other G20 countries.


In an effort to fulfill this vision, B20 Indonesia seeks policy recommendations that are mutually beneficial in the global ecosystem andinclusive growth that will be enjoyed by all levels of society, and balances short-term momentum with long-term impacts.


The policy recommendations that will be drawn up will later uphold the philosophy of Recovery - recovery that strengthens the global economy in the post-pandemic period, Reform - reforms that shape the economy in the new normal, and Resilience - resilience that creates a policy of being able to withstand an uncertain situation.


In addition, the B20 Presidency also provides momentum for Indonesia to showcase structural reform measures in the midst of a pandemic, such as the issuance of the Omnibus Law on Job Creation and the Indonesia Investment Authority (Sovereign Wealth Fund). This, in turn, will increase the confidence of global investors, help accelerate economic recovery and encourage mutually beneficial economic partnerships at a global level.



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