Sri Mulyani: Russia-Ukraine War Triples Efforts of Economic Recovery

Finance Minister Sri Mulyani Indrawati stated that the conflict between Russia and Ukraine increased the burden on the global economy to recover after being hit hard by the COVID-19 pandemic. As a result, efforts for economic recovery have to double or even triple. Sri made the statement at a seminar on Digital Transformation for Financial Inclusion of Women, Youth, and MSMEs to Promote Inclusive Growth on Wednesday evening, May 11, which is part of the series of G20 meetings.

“Geopolitical conflicts create more challenges for our recovery,” she remarked. The former managing director of the World Bank mentioned that recovering the current economy requires huge efforts and global steps, including through economic forums such as G20. “Thus, the Indonesian G20 presidency seeks to achieve [our theme:] recover together, recover stronger, so that our efforts must be doubled, or even tripled,” she said.