The Hon Jim Chalmers MP
Treasurer
Member for Rankin

Finance Ministers and Central Bank Governors G20 Meeting

I am attending the G20 Finance Ministers and Central Bank Governors Meeting in Indonesia with Reserve Bank Governor Philip Lowe from 15 to 16 July.

This meeting comes at a crucial time for our region and demonstrates the importance Australia places on our deep friendship and strategic partnership with Indonesia and their G20 presidency.

As the recovery from the impacts of the pandemic continues, many countries are simultaneously dealing with rising inflation amid slowing economic growth, tightening financial conditions and geopolitical challenges.

I will hold constructive discussions with our regional neighbours and G20 economies to discuss the global economic outlook and issues impacting our region such as energy and food security, collective action on climate change, future pandemic preparedness, debt sustainability and the importance of ensuring multinationals pay their fair share of tax.

I will be proud to outline our new climate ambitions through the Powering Australia Plan to realign Australia with our like‑minded partners when it comes to climate action.

In addition to discussing these important issues, I will take the opportunity to strengthen bilateral relationships with key strategic partners.