Indonesia and China Increase Economic and Financial Cooperation

Achmad Zulfikar Fazli    •    Senin, 16 Nov 2015 14:33 WIB
Indonesia and China Increase Economic and Financial Cooperation
President Joko Widodo, Jakarta: Indonesian government agrees to increase the cooperation with Chinese government in the field of economy and finance. The agreement was taken following President Joko Widodo's bilateral meeting with President Xi Jinping at the G20 Summit, in Hotel Regnum Carya, Antalya, Turkey, Sunday, November 15, 2015, at 15.45 local time.
Aside from that, Jokowi and Jinping also discussed some global financial issues which have been the focus of the G20 Summit. 
"President Jokowi welcomes the commitment of Chinese government to assist Indonesia's financial sector through the funding for Indonesian banking and liquidity support. Aside from that, President Jinping conveyed the Chinese government's readiness to increase the Bilateral Currency Swap Arrangement given to Indonesia to as much as USD20 billion," mentioned the Presidential Communication Team, Ari Dwipayana in his statement on Monday (11/16/2015).
In the meeting, Jokowi also urged Jinping to support competent Indonesian officials to be enrolled within the top management of Asian Infrastructure Investment Bank (AIIB). The former Jakarta governor also wants the first regional AIIB office to be placed in Jakarta.
As for global issues, President Jokowi conveyed Indonesia's plan to push the reform of global financial architecture reform in G20, as conveyed during the Asian African Conference. "The reform is needed soon to create a balance in the international financial sectors between the developed and developing countries," said Jokowi.