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Emphasizing The Role Of International Organizations At The IMF-World Bank Meeting

Bank Indonesia (BI) has articulated three critical points to address the challenges posed by global economic uncertainty. This was conveyed during the Spring Meetings of the International Monetary Fund (IMF) and the World Bank (WB), which included the G20 Finance Ministers and Central Bank Governors Meeting held from April 22 to 26, 2025, in Washington D.C., United States. BI Governor Perry Warjiyo and Indonesian Finance Minister Sri Mulyani Indrawati led the Indonesian delegation at this meeting. 

 In his address, Warjiyo emphasized three essential actions necessary to navigate the current uncertainty. 'First, it is crucial to assert the active role of international organizations, particularly the IMF, in firmly advocating for the importance of open international trade policies to stimulate growth,' stated the BI press release quoted on Saturday, April 26, 2025. 'As an institution representing the collective voice of 191 member countries, the IMF plays a strategic role in articulating a strong stance, especially in response to shared challenges that could threaten macroeconomic stability and the global financial system,' he added.  

Meanwhile, the second point highlighted BI's commitment to ASEAN's open multilateral trading system. 'As expressed at the 12th ASEAN Finance Ministers and Central Bank Governors Meeting on April 10, 2025, in Kuala Lumpur, BI affirmed that ASEAN is committed to an open, inclusive, and rule-based multilateral trading system,' he revealed. BI welcomed the IMF's guidance in promoting intraregional trade, diversifying export markets, integrating capital markets, and implementing structural reforms to boost domestic demand. 'Third, BI appreciates the IMF's efforts to enhance surveillance based on the Integrated Policy Framework (IPF), while still considering the specific conditions of each country.' 

Tag: Bank Indonesia IMF International Monetary Fund Sri Mulyani Indrawati