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7/15/2022

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Indonesian Finance Minister Sri Mulyani Indrawati | …

U.S. DEPARTMENT OF THE TREASURY
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting
with Indonesian Finance Minister Sri Mulyani Indrawati
July 15, 2022

NUSA DUA – Secretary of the Treasury Janet L. Yellen met with Indonesian Finance Minister Sri
Mulyani Indrawati on the sidelines of the G20 Finance Ministers and Central Bank Governors
Meeting. Secretary Yellen expressed her appreciation for the di icult circumstances under
which Indonesia has held the G20 Presidency, as Russiaʼs unprovoked war against Ukraine has
created significant spillovers that the G20 must address. The Secretary raised the importance
of a price cap on Russian oil to limit revenue for Russiaʼs military while at the same time
dampening the impact of the war on gas and energy prices in America, Indonesia, and globally.
Secretary Yellen committed to continue working closely with Indonesia during its G20
Presidency and thanked Minister Sri Mulyani for providing leadership on the food security
crisis exacerbated by Putinʼs brutal war, which is threatening the worldʼs poorest and most
vulnerable people and economies. Secretary Yellen thanked Minister Sri Mulyani for her
partnership in establishing a Financial Intermediary Fund for Pandemic Prevention,
Preparedness and Response at the World Bank to strengthen the global health architecture to
be better prepared for another global health emergency. Secretary Yellen also highlighted the
positive momentum towards a Just Energy Transition Partnership with Indonesia to both
Minister Sri Mulyani and Coordinating Minister for Maritime A airs and Investment Luhut
Binsar Pandjaitan.
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https://home.treasury.gov/news/press-releases/jy0871

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