Indonesia backs G20 growth target, says developing nations need to do more


SYDNEY: Developing countries need to do more themselves to offset the impacts of the U.S. Federal Reserve's tapering, Indonesia's finance minister said on Saturday, endorsing Australian-led plans for the Group of 20 to agree an ambitious target for global growth.

The comments from Chatib Basri appeared to be an effort to build bridges between advanced nations and emerging economies over the issues during the meeting of Group of 20 finance ministers and central bankers in Sydney.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil prices rise as hostilities worsen in the Middle East
China's Q2 economic growth cools to 3-1/2-year low as imbalances worsen
Gold slips as oil rally keeps inflation, rate outlook on investors' radar
Ringgit to outperform regional peers despite stronger greenback
Malaysia raises August crude palm oil reference price, duty remains at 10%
Chinese AI models gain global users
PMW International commences construction of RM43mil Bemban manufacturing facility
EG Industries inks US$100mil collaboration in CPO network switches
ASML tops Q2 estimates on AI chip demand
Rivertree STF unit to construct RM168mil CLQ in Klang

Others Also Read