G20 pursuing digital infrastructure improvement: minister

G20 pursuing digital infrastructure improvement: minister

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Jakarta (ANTARA) – The Indonesian G20 Presidency is pushing for massive improvements in global digital infrastructure for facilitating digital transformation, Finance Minister Sri Mulyani Indrawati has said.

“However, there are some challenges to improving digital infrastructure,” she noted in an official statement received here on Friday.

Indrawati said that among the issues hindering digital infrastructure development is related to integrated and innovative public and private financing schemes.

They also include the preparation of a supportive domestic environment and an attractive financial framework capable of investment.

The meeting of the G20 infrastructure working group, a part of the third Infrastructure Working Group (IWG), was organized as part of efforts to find solutions to these issues.

The IWG meeting, which was hosted in both online and offline formats on June 9 and 10, 2022, in Nusa Dua, Bali, was attended by several delegates from member countries and international organizations, including Minister Indrawati.

Related news: Indonesia focused on expediting digital transformation in four sectors

On the first day of the meeting, three topics were discussed: sustainable infrastructure investment, social inclusion and regional inequality, and post-pandemic transformative infrastructure.

There were several reports to support the completion of deliverables, which were completed and presented by international organizations, including the Report on Advancing the Environment and Data for Sustainable Infrastructure Financing by the OECD.

The Report on Infrastructure Transition Pathways by GI Hub was also submitted to support the IWG agenda on sustainable infrastructure investment.

Some of the challenges to improving digital transformation discussed at the meeting related to gaps, particularly in regulations; the role of the public and private sectors; as well as innovative financing structures.

The second day of the IWG meeting discussed three other agendas: Quality Infrastructure Investment (QII) indicators, digital infrastructure and infratech, and GI Hub management.

The QII and infratech indicators are expected to be finalized and endorsed at the meeting of Finance Ministers and Central Bank Governors (FMCBG) in July this year. 

Related news: Minister outlines four sectors supporting digital transformation




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