This November 2022 is not only the month of the APEC 2022 Summit that hosts our country. But there are also 3 big meetings in ASEAN that are held in parallel.
starting from the meeting “ASEAN Summit” (ASEAN Summit) in Phnom Penh, Cambodia, from 10 to 13 November, the summit of the leaders of the 20 largest economic zones (G20) in Bali, Indonesia, November 15-16, and the APEC meeting (APEC 2022) in Bangkok from 18 to 19 November, where all the supreme leaders of each country gathered in a crowd.
But the highlight that many parties are watching the most right now. It can be said that a “Indonesia”
why the guests attending the G20 next week In addition to being at the leadership level, almost all nations have joined in unison, like the President. “Joe Biden” of the United States and the Chinese president “Xi Jinping” And there are also famous businessmen like “Elon Musk” Tesla and Twitter CEOs were also the government’s VVIP guests.
This VVIP guest list includes not only Musk but also Queen Maximus of the Netherlands, Gianni Infantino, president of FIFA and representatives of the World Economic Forum.
Therefore, it can be said that this G20 meeting, Indonesia was honored by many leaders to participate in the meeting. Demonstrating the importance of the G20, including Indonesia as “The largest economic zone in ASEAN”
but in addition to preparing plans to welcome leaders from different countriesJoko Widodo or ‘Jokowi’ The president of Indonesia is also preparing to proclaim supremacy. Show the potential of Indonesia to become the center of the ASEAN economy by presenting ‘Mega project to build the nation’ 4 projects At the meeting, he hopes to draw $ 89 billion, or around 330 billion baht, from G20 member states, which represent the 20 largest economic zones in the world. and famous businessmen who attended the meeting
from the report of Bloomberg Analysts said all of Indonesia’s potential projects are presented here. “To show it to the peopleLeading this meeting led to tangible results.Including how Jokowi left a legacy of prosperity for the country before the end of his second term as president in 2024.
All projects are projects focused on improving the readiness of the Indonesian economy in many sectors. both in terms of infrastructure and digital finance, all 4 of these projects are detailed as follows:
Project to stop using coal Aiming for 100% clean energy by 2055
Indonesia aims to close all its coal-fired power plants by 2050 and switch to all renewable energy by 2055. The project requires the completion of foreign investments. because at present Indonesia is a country that uses 50% of coal to generate electricity.
Project to connect ASEAN payment systems to push the digital rupee
Central banks of Indonesia, Malaysia, Thailand, Singapore and the Philippines. I am about to sign a contract this month to connect the payment system Allow citizens of all countries to pay abroad via QR code. Abolish the use of the dollar as a means of currency exchange.
Indonesia also plans to issue a digital rupee for citizens to trade by the end of the year. The study has been prepared since 2021 and plans to issue a policy to allow people to open multiple deposit accounts with banks. According to the World Bank, currently only 51.8% of Indonesia’s population with bank accounts represents the total population. which is a low rate compared to other major economic zones of ASEAN
Future high-speed train project
Indonesia is one of the countries participating in China’s Belt and Road Initiative (BRI), or One Belt One Road (OBOR), where China has invested in building a high-speed railway line from Jakarta to Bandung. One of the largest cities in Indonesia, worth $ 8 billion.
President Jokowi expects the line to officially open next year. But at the G20 meeting, Jokowi took the opportunity to invite President Xi Jinping to watch the line test on November 16.
Indonesia also plans to sign contracts with foreign investors. to expand MRT line in Jakarta According to Indonesia’s Transport Minister These investors come from Japan, South Korea and the UK.
Carbon Credit Market Project
The Indonesian Finance Minister said The Indonesian government has announced its intention to create a carbon credit trading market. Carbon taxation plan and plans to shift energy infrastructure to renewable energy before the meeting starts on the 15th
The plan is to help Indonesia become a Net-Zero country by 2060, as it has been targeted. And the government has instructed the Indonesian exchange to begin building the country’s carbon credit trading market. It should be completed by 2025.
It can be seen that if Indonesia is able to successfully finance these development megaprojects. Indonesia’s dream of becoming an ASEAN economic center may not be far off. because it will develop a leap forward in both digital economy and sustainability infrastructure
which must be worth keeping an eye on What will the Indonesian funding call submission form be? And will it have the success I hoped for?
Source: Bloomberg
