The Ministry of Finance (MoF) recently participated in the panel discussion held by the Indonesian government under the theme 'Quality Infrastructure Investment for Sustainable and Inclusive Growth' at Expo 2020 Dubai. Ministers, senior officials, decision makers, entrepreneurs, green economy investors, credit rating agencies and specialists in financial and economic affairs from all around the world participated in the discussion. Her Excellency Sri Mulyani Indrawati, Minister of Finance for the Republic of Indonesia, delivered a speech about the achievements and steps taken by Indonesia to stimulate investing in sustainable infrastructure and green economy. This is in order to achieve the environmental balance and create a safer and more sustainable future for tomorrow's generations.During his opening speech at a panel discussion, His Excellency Younis Haji Al Khoori, Undersecretary of MoF, stressed on the importance of the Public-Private Partnership, to build an advanced infrastructure and invest in projects that support achieving the objectives of the SDGs. This is to contribute to reducing carbon emissions, which is a key priority for the G20 agenda in 2022. The panel discussion was attended by Her Excellency Sri Mulyani Indrawati, and His Excellency Luky Alfirman, Director General of Budget, Financing and Risk Management at the Indonesian Ministry of Finance.His Excellency Al Khoori welcomed the participants to Expo 2020 Dubai, which is a pioneering platform that hosts 192 pavilions from all around the world, and referenced the importance of exploring means of potential collaboration for the future of infrastructure financing and economic development. His Excellency said: “Today's discussion will contribute to incentivizing the investment in sustainable infrastructure. This brings social, economic, and cultural benefits, which helps governments create a better future for younger generations.His Excellency stressed on the UAE's commitment to developing sustainable infrastructure by establishing long-term partnerships between the public and private sectors on significant infrastructure projects such as Abu Dhabi's Masdar City. His Excellency added: “The UAE has also launched the Dubai 2040 Urban Master Plan and the UAE Green Agenda 2015-2030, which is a road map to achieve the objectives of the UAE Green Growth Strategy. This strategy aims to transform the national economy into a green, low-carbon, modern technology, innovation-and-knowledge-based economy."His Excellency concluded his speech saying: “The COVID-19 pandemic incentivised accelerating and directing investment towards building resilient infrastructure, as well as attracting more private sector investment in green infrastructure projects. This will help enhance the preparedness of governments to face future risks arising from climate change issues. Therefore, we see great importance in today's meeting as it allows us to learn and explore innovative PPP financing models and the PPP needed tools."His Excellency Luky Alfirman praised the key role that Expo 2020 Dubai plays in drawing a global strategy for sustainable development. His Excellency said: “We highly appreciate the efforts made by the United Arab Emirates to stimulate work to build a green economy, direct economic growth towards sustainability, and reduce the percentage of greenhouse gas emissions, by giving more attention to the environmental dimension in economic development policies."Expo 2020 Dubai is a vital platform that promotes dialogue to develop plans that stimulate financing procedures and facilities, and attract green investments. This is to ensure a resilient growth based on environmental diversity on Earth, especially post the pandemic, intensify efforts made for climate action, and build a sustainable future.
