Sunday, November 15, 2015

Indonesia-China Agreed To Increase Financial-Economic Cooperation

Unknown     6:06 PM    

Indonesia-China Agreed To Increase Financial-Economic Cooperation
Mr.Joko widodo Indonesia Presiden
Cyber Daily News - Indonesian and Chinese governments agreed to boost cooperation in economics and finance including state aid was to increase liquidity support to RI.

"Many were discussed, among others follow the previous meeting, on liquidity support from China, including the additional 20 billion dollars," the president said Jokowi at Hotel IC Santai Antalya Turkey, Sunday night.

According to the President, the two countries also agreed on improving the investment that eventually will provide additional capital to enter.

Team Communications President Ari Dwipayana mention President Jokowi on Sunday around 15:45 local time a bilateral meeting with the Chinese President Xi Jin Ping.

In a meeting held on the sidelines of the G-20 summit, the two leaders agreed to increase cooperation in the field of economics and finance. Besides, also discussed a number of issues of concern to the global financial summit of the G-20 this time.

Jokowi President welcomed the commitment of the Government of the PRC to assist the Indonesian financial sector through funding for Indonesian banks and liquidity support.

In addition, President Jin Ping expressed readiness PRC Government to increase Bilateral Currency Swap Arrangement that was given to Indonesia to around 20 billion dollars.

On that occasion the President Jokowi also requested the support of the President Jin Ping that the Indonesian authorities competent top management can be included in the Asian Infrastructure Investment Bank (AIIB) as well as Indonesia's desire to put AIIB first regional office in Jakarta.

Meanwhile, related to global problems, President Jokowi convey Indonesia's plan to push for reform of global financial architecture in the G20, as it has been conveyed to the Asian-African Conference last.

These reforms are needed immediately to create a balance in the international financial system between the developed and the developing countries.

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