Indonesia’s Retno Marsudi: Economic Recovery Unlikely until Pandemic Ends

November 19, 2020, 07.28 PM
Minister Retno Marsudi affirms that the global economy cannot recover, including Indonesia?s, until the coronavirus pandemic is officially over. KOMPAS.com/GARRY LOTULUNGMinister Retno Marsudi affirms that the global economy cannot recover, including Indonesia?s, until the coronavirus pandemic is officially over.

JAKARTA, KOMPAS.com – Minister Retno Marsudi affirms that the global economy, including Indonesia’s, cannot recover until the coronavirus pandemic is officially over.

Speaking at the 5th Jakarta Food Security Summit on Indonesia’s Export Strategy During and Post-Pandemic, Indonesia’s Foreign Minister explained the reasons behind the country’s continued diplomatic efforts to obtain access to a Covid-19 vaccine.

“The economy cannot be revived until we can defeat the coronavirus pandemic. For this reason, our diplomatic efforts from the beginning have been focused on demanding equal access to a Covid-19 vaccine that is safe and affordable for all nations.”

Read also: Ukrainian National Dies of Covid-19 in Indonesia's Papua Province

Retno Marsudi outlined how the coronavirus pandemic has additionally triggered a health crisis on top of the global economic downfall.

The International Monetary Fund predicts that the global economy in 2020 will reach minus 4 percent.

Highlighting the deadly effects of the novel virus, Retno said that there are 56 million Covid-19 confirmed patients as well as 1.3 million Covid-19 casualties since the start of the pandemic.

There are three key measures that Indonesia can undertake to support the recovery of the global economy in which the first is to focus on producing a Covid-19 vaccine and establishing an effective public health defense line.

Read also: Jokowi: Indonesia’s Covid-19 Vaccine Showcases Country’s Innovative Skills

“Over the past few days, we have seen some positive news coming from Phase 3 clinical trials of coronavirus vaccines. The hope is that the world will attain a vaccine that is safe and effective in keeping with numerous assertions made by Indonesian President Joko Widodo."

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