During the Spring Meetings of the World Bank and IMF 2024 in Washington D.C., United States, Finance Minister Sri Mulyani Indrawati carved out time to meet with Makhtar Diop, the Managing Director of the International Finance Corporation (IFC).
Sri Mulyani emphasized that the IFC, as an arm of the World Bank, plays a pivotal role in combating extreme poverty in developing countries through partnerships with the private sector.
“Amidst my commitments in Washington, D.C., I had the opportunity to meet with its Managing Director, @diop_ifc. This marks yet another meeting between us,” stated Sri Mulyani on her personal Instagram @smindrawati, on Monday (22/4/2024).
The Finance Minister disclosed that their discussions ranged from the current global and domestic economic landscapes to the existing and prospective collaborations between the Indonesian government and the IFC.
Sri Mulyani conveyed to Diop the evolving challenges of the global economy, underscored by various uncertainties. Moreover, with 2024 being an election year, over 70 countries will be undergoing democratic processes, leading to policy shifts worldwide,” remarked the Finance Minister.
Regarding Indonesia’s domestic situation, both parties concurred that Indonesia’s fiscal position remains robust, thanks to the country’s continuous revenue growth and prudent expenditure management.
Furthermore, Sri Mulyani welcomed the IFC’s initiative to expand its operations in Indonesia, particularly its commitment to safeguarding the welfare of vulnerable populations. To date, the IFC’s investments in Indonesia have totaled USD 9.6 billion. “May this partnership continue to provide solutions to the challenges of our era. Thank you for the insightful discussion, Diop..!,” she concluded.
