Press Release: Task Force 5 T20 India 2023 Side Event, Reorienting International Financial Institutions to Meet Emerging Development Financing Challenges

BALI, 10 JUNE 2022. On the heels of the T20 India, the Task Force 5 T20 India, the Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI), and the Centre for Strategic and International Studies (CSIS) Indonesia hosted the Side Event titled “Building Bridges to Sustainable Finance: The Reform Agenda of International Financial Institutions” that held on 8-10 June 2023. Aligning to the main purpose of the Side Event that is discussing the need for reforms and action plans to implement the reform, the Side Event developed a Policy Brief Dissemination: Reorienting International Financial Institutions to Meet Emerging Development Financing Challenges as one of the agenda of the event. The dissemination aimed to discuss and provide extensive inputs to the T20 Policy Brief on how to enhance the agility of International Financial Institutions (IFIs) in swiftly responding to crises, while also improving funding mobilization for development, strengthening assistance and capacity building for least developed countries (LDCs) and developing nations in project preparation, with the support of the G20.

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