Indonesian Finance Minister: 'We are credible'
Indonesia Finance Minister Suahasil Nazara pledged policy continuity and reaffirmed that the country will maintain its 3% GDP budget deficit cap, despite parliamentary debate over raising it. Speaking to Haslinda Amin, Nazara sought to reassure investors as amidst a backdrop of uncertainty over the currency. (Source: Bloomberg)
Indonesia's Finance Minister, Suahasil Nazara, has stated that the country will maintain its 3% GDP budget deficit cap. This announcement was made to reassure investors amidst uncertainty over the currency. Nazara emphasized policy continuity.
Reports from other regions also discussed finance ministers' comments. Deputy Finance Minister Thomas Nyarko Ampem of Ghana and MyJoyOnline Ghana stated that Africa cannot rely solely on government budgets to finance its climate ambitions due to competing demands for public funding. According to the African Development Bank, Africa needs an estimated $2.7 trillion between 2020 and 2030 to implement its climate commitments.
In a separate meeting, Minister of Finance HE Ali bin Ahmed Al Kuwari and Qatar Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani attended a joint meeting of GCC finance ministers and central bank governors, as reported by Qatar Tribune Business.
Brief written by urgent.news from Bloomberg, Qatar Tribune Business, Adom Online, MyJoyOnline Ghana — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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