Bali, Indonesia, 15-16 November 2022

1. Fourteen years ago, the Leaders of the G20 met for the first time, facing the most severe

financial crisis in our generation. We recognized, as large global economies, that collectively

we carry responsibilities and that our cooperation was necessary to global economic

recovery, to tackle global challenges, and lay a foundation for strong, sustainable, balanced,

and inclusive growth. We designated the G20 the premier forum for global economic

cooperation, and today we reaffirm our commitment to cooperate as we, once again, address

serious global economic challenges.

2. We met in Bali on 15-16 November 2022, at a time of unparalleled multidimensional crises.

We have experienced the devastation brought by the Covid-19 pandemic, and other

challenges including climate change, which has caused economic downturn, increased

poverty, slowed global recovery, and hindered the achievement of the Sustainable

Development Goals.

3. This year, we have also witnessed the war in Ukraine further adversely impact the global

economy. There was a discussion on the issue. We reiterated our national positions as

expressed in other fora, including the UN Security Council and the UN General Assembly,

which, in Resolution No. ES-11/1 dated 2 March 2022, as adopted by majority vote (141 votes

for, 5 against, 35 abstentions, 12 absent) deplores in the strongest terms the aggression by

the Russian Federation against Ukraine and demands its complete and unconditional

withdrawal from the territory of Ukraine. Most members strongly condemned the war in

Ukraine and stressed it is causing immense human suffering and exacerbating existing

fragilities in the global economy – constraining growth, increasing inflation, disrupting supply

chains, heightening energy and food insecurity, and elevating financial stability risks. There

were other views and different assessments of the situation and sanctions. Recognizing that

the G20 is not the forum to resolve security issues, we acknowledge that security issues can

have significant consequences for the global economy.

4. It is essential to uphold international law and the multilateral system that safeguards peace

and stability. This includes defending all the Purposes and Principles enshrined in the Charter

of the United Nations and adhering to international humanitarian law, including the protection

of civilians and infrastructure in armed conflicts. The use or threat of use of nuclear weapons

is inadmissible. The peaceful resolution of conflicts, efforts to address crises, as well as

diplomacy and dialogue, are vital. Today’s era must not be of war.

5. At today’s critical moment for the global economy, it is essential that the G20 undertakes

tangible, precise, swift and necessary actions, using all available policy tools, to address

common challenges, including through international macro policy cooperation and concrete

collaborations. In doing so, we remain committed to support developing countries,

particularly the least developed and small island developing states, in responding to these

global challenges and achieving the SDGs. In line with the Indonesian G20 Presidency theme

— Recover Together, Recover Stronger — we will take coordinated actions to advance an

agenda for a strong, inclusive and resilient global recovery and sustainable development that

delivers jobs and growth. With the above in mind, we will:

Stay agile and flexible in our macro-economic policy responses and cooperation. We will

make public investments and structural reforms, promote private investments, and

strengthen multilateral trade and resilience of global supply chains, to support long-term

growth, sustainable and inclusive, green and just transitions. We will ensure long-term

fiscal sustainability, with our central banks committed to achieving price stability.

– Protect macroeconomic and financial stability and remain committed to using all

available tools to mitigate downside risks, noting the steps taken since the Global

Financial Crisis to strengthen financial resilience and promote sustainable finance and

capital flows.

– Take action to promote food and energy security and support stability of markets,

providing temporary and targeted support to cushion the impact of price increases,

strengthening dialogue between producers and consumers, and increasing trade and

investments for long-term food and energy security needs, resilient and sustainable food,

fertilizer and energy systems.

– Unlock further investments for low- and middle-income and other developing countries,

through a greater variety of innovative financing sources and instruments, including to

catalyze private investment, to support the achievement of the SDGs. We ask the

Multilateral Development Banks to bring forward actions to mobilize and provide

additional financing within their mandates, to support achievement of the SDGs including

through sustainable development and infrastructure investments, and responding to

global challenges.

– Recommit to accelerate achievement of the SDGs, achieving prosperity for all through

sustainable development.

6. We are deeply concerned by the challenges to global food security exacerbated by current

conflicts and tensions. We therefore commit to taking urgent actions to save lives, prevent

hunger and malnutrition, particularly to address the vulnerabilities of developing countries,

and call for an accelerated transformation towards sustainable and resilient agriculture and

food systems and supply chains. We commit to protect the most vulnerable from hunger by

using all available tools to address the global food crisis. We will take further coordinated

actions to address food security challenges including price surges and shortage of food

commodities and fertilizers globally. Recalling the G20 efforts such as the Global Agriculture

and Food Security Program, we welcome global, regional, and national initiatives in support

of food security, and in particular note the progress made by the UN Secretary General’s

Global Crisis Response Group on Food, Energy and Finance, as well as the World Bank Group’s

and IMF’s food security responses. We emphasize the importance of building on the G20

Matera Declaration, working together to sustainably produce and distribute food, ensure that

food systems better contribute to adaptation and mitigation to climate change, and halting

and reversing biodiversity loss, diversify food sources, promote nutritious food for all,

strengthen global, regional, and local food value chains, and accelerate efforts to reduce food

loss and waste. We will also implement the One Health approach, intensify research on food

science and technology, and improve stakeholders’ capacity along the food supply chains,

particularly women, youth, smallholder, and marginal farmers as well as fishers.

7. We support the international efforts to keep food supply chains functioning under challenging

circumstances. We are committed to addressing food insecurity by ensuring accessibility,

affordability, and sustainability of food and food products for those in needs, particularly in

developing countries and least developed countries. We reiterate our support for open,

transparent, inclusive, predictable, and non-discriminatory, rules-based agricultural trade

based on WTO rules. We highlight the importance of enhancing market predictability,

minimizing distortions, increasing business confidence, and allowing agriculture and food

trade to flow smoothly. We reaffirm the need to update global agricultural food trade rules

and to facilitate trade in agricultural and food products, as well as the importance of not

imposing export prohibitions or restrictions on food and fertilizers in a manner inconsistent

with relevant WTO provisions. We are committed to sustained supply, in part based on local

food sources, as well as diversified production of food and fertilizers to support the most

vulnerable from the disruptions in food trade supply chain. We will avoid adversely impacting

food security deliberately. We commit to facilitate humanitarian supplies for ensuring access

to food in emergency situations and call on UN Member States and all relevant stakeholders

with available resources to provide in-kind donations and resources to support countries

most affected by the food crisis, as required and based on assessed needs by governments

of affected countries. We continue to support the carve out of humanitarian activities from

sanctions and call on all nations to support this aim, including through current efforts at the

UN. We will continue to closely monitor the state of global food security and nutrition.

8. We welcome the Türkiye and UN-brokered two Istanbul Agreements signed on 22 July 2022

and consisting of the Initiative on the Safe Transportation of Grain and Foodstuffs from

Ukrainian Ports (Black Sea Grain Initiative) and the Memorandum of Understanding between

the Russian Federation and the Secretariat of the United Nations on Promoting Russian Food

Products and Fertilizers to the World Markets, on the unimpeded deliveries of grain,

foodstuffs, and fertilizers/inputs from Ukraine and the Russian Federation, to ease tension

and prevent global food insecurity and hunger in developing countries. We emphasize the

importance of their full, timely and continued implementation by all relevant stakeholders, as

well as the UN Secretary-General’s calls for continuation of these efforts by the Parties. In this

context we highlight other efforts that ensure the flow of agri-food goods such as the EU

Solidarity Lanes and the Russian donations of fertilizers facilitated by the World Food

Programme. Moreover, we take note of various initiatives addressing food insecurity such as

the Arab Coordination Group initiative.

9. We are committed to supporting the adoption of innovative practices and technologies,

including digital innovation in agriculture and food systems to enhance productivity and

sustainability in harmony with nature and promote farmers and fishers’ livelihoods and

increase income, in particular smallholders by increasing efficiency, and equal access to food

supply chains. We will promote responsible investments in agricultural research and science

and evidence-based approaches. We will continue to strengthen the Agricultural Market

Information System (AMIS) as an early warning tool, to enhance food and fertilizer/inputs

market transparency, reduce market uncertainties, and support coordinated policy responses

for food security and nutrition, through the sharing of reliable and timely data and information.

10. We ask the Food and Agriculture Organization (FAO) and the World Bank Group (WBG) to

share with us the results of their mapping exercises on food insecurity, which will be

consolidated in the future with inputs from technical experts and other relevant international

organizations, and will provide a systemic analysis of responses to address food security.

This will identify any major gaps in global responses; examine food and nutrition variables

and funding; examine the supply and demand of fertilizers; build on the G20 Agricultural

Market Information System (AMIS); and identify any medium-term issues that require further

technical and systemic analysis. The FAO and WBG will report back by the 2023 Spring

11. We meet at a time of climate and energy crises, compounded by geopolitical challenges. We

are experiencing volatility in energy prices and markets and shortage/disruptions to energy

supply. We underline the urgency to rapidly transform and diversify energy systems, advance

energy security and resilience and markets stability, by accelerating and ensuring clean,

sustainable, just, affordable, and inclusive energy transitions and flow of sustainable

investments. We stress the importance of ensuring that global energy demand is matched by

affordable energy supplies. We reiterate our commitment to achieve global net zero

greenhouse gas emissions/carbon neutrality by or around mid-century, while taking into

account the latest scientific developments and different national circumstances. We call for

continued support for developing countries, especially in the most vulnerable countries, in

terms of providing access to affordable, reliable, sustainable, and modern energy, capacity

building, affordable latest technology within the public domain, mutually beneficial

technology cooperation and financing mitigation actions in the energy sector.

12. We reaffirm our commitment to achieve SDG 7 targets and strive to close the gaps in energy

access and to eradicate energy poverty. Recognising our leadership role, and guided by the

Bali Compact and the Bali Energy Transition Roadmap, we are committed to finding solutions

to achieve energy markets stability, transparency, and affordability. We will accelerate

transitions and achieve our climate objectives by strengthening energy supply chain and

energy security, and diversifying energy mixes and systems. We will rapidly scale up the

deployment of zero and low emission power generation, including renewable energy

resources, and measures to enhance energy efficiency, abatement technologies as well as

removal technologies, taking into account national circumstances. We recognise the

importance to accelerate the development, deployment and dissemination of technologies,

and the adoption of policies, to transition towards low-emission energy systems, including by

rapidly scaling up the deployment of clean power generation, including renewable energy, as

well as energy efficiency measures, including accelerating efforts towards the phasedown of

unabated coal power, in line with national circumstances and recognising the need for

support towards just transitions. We will increase our efforts to implement the commitment

made in 2009 in Pittsburgh to phase-out and rationalize, over the medium term, inefficient

fossil fuel subsidies that encourage wasteful consumption and commit to achieve this

objective, while providing targeted support for the poorest and the most vulnerable. We will

strengthen international cooperation as well as relevant producer-consumer dialogues on

securing energy affordability and accessibility by limiting volatility in energy prices and

scaling up clean, safe, inclusive, and sustainable technologies, including developing regional

energy interconnectivity. We are committed to promote investment in sustainable

infrastructure and industry, as well as innovative technologies and a wide range of fiscal,

market and regulatory mechanisms to support clean energy transitions, including, as

appropriate, the use of carbon pricing and non-pricing mechanisms and incentives, while

providing targeted support for the poorest and the most vulnerable.

13. Mindful of our leadership role, we reaffirm our steadfast commitments, in pursuit of the

objective of UNFCCC, to tackle climate change by strengthening the full and effective

implementation of the Paris Agreement and its temperature goal, reflecting equity and the

principle of common but differentiated responsibilities and respective capabilities in light of

different national circumstances. We will play our part fully in implementing the Glasgow

Climate Pact and the relevant outcomes of previous COPs and CMAs, in particular COP 26,

including the call to revisit and strengthen the 2030 targets in our NDCs, as necessary to align

with the Paris Agreement. In this regard, we welcome enhanced climate actions resulting

from the new or updated NDCs and invite parties to urgently scale up mitigation and

adaptation ambition and means of implementation as well as make progress on loss and

damage at COP 27 which is being held in Africa. Noting the IPCC assessments that the impact

of climate change will be much lower at a temperature increase of 1.5°C compared with 2°C,

we resolve to pursue efforts to limit the temperature increase to 1.5°C. This will require

meaningful and effective actions and commitment by all countries, taking into account

different approaches, through the development of clear national pathways that align long[1]term ambition with short and medium-term goals, and with international cooperation and

support, including finance and technology, and sustainable and responsible consumption and

production as critical enablers, in the context of sustainable development.

14. We welcome the progress to date towards achieving a Post 2020 Global Biodiversity

Framework (GBF). We urge all parties and countries to finalize and adopt the GBF with the

view of realizing of 2050 Vision of “Living in harmony with Nature” at the second part of

COP15 CBD as a strong framework of action and accountability for halting and reversing

biodiversity loss by 2030 and, as appropriate, to update National Biodiversity Strategies and

Action Plans accordingly. We emphasize the importance of achieving and synergizing the

objectives of the three Rio Conventions. We stress the need for clear and measurable goals

and targets for biodiversity and means of implementation and accountability. We commit to

strengthen actions to halt and reverse biodiversity loss by 2030 and call on CBD Parties to

adopt an ambitious, balanced, practical, effective, robust and transformative post-2020

Global Biodiversity Framework at COP-15 in Montreal. We urge for increased resource

mobilization from all sources, including from countries and entities, to provide new and

additional financial resources for the implementation of the GBF, once it is negotiated,

including to help enable and support developing country parties, and for aligning private and

public financial flows with biodiversity objectives. We will scale up efforts to combat

biodiversity loss, deforestation, desertification, land degradation and drought, as well as

restoring degraded land to achieve land degradation neutrality by 2030, and in support of the

G20’s ambition to reduce land degradation by 50% by 2040 on a voluntary basis. We

recognize the effort made by a number of countries to ensure that at least 30% of global land

and at least 30% of the global ocean and seas are conserved or protected by 2030 and we

will help to make progress towards this objective in accordance with national circumstances.

We commit to reduce environmental impacts by changing unsustainable consumption and

production patterns as well as to enhance environmentally sound waste management

including by preventing illegal cross-border traffic of waste.

15. We will step up efforts to halt and reverse biodiversity loss, including through Nature-based

Solutions and Ecosystem-based Approaches, support climate mitigation and adaptation,

enhance environmental conservation and protection, sustainable use and restoration,

responding to natural disasters, reduce ecosystem degradation, enhance ecosystem services

and to address issues affecting the marine and coastal environment. We will further promote

sustainable development and lifestyles, resource efficiency and circular economy to increase

sustainability and work together on scientific knowledge-sharing, raising awareness, and

capacity building, particularly to advance on the ocean-based climate action. We are

committed to ending illegal, unreported and unregulated fishing. We welcome the WTO

multilateral Agreement on Fisheries Subsidies and encourage its rapid entry into force. In line

with the UNEA Resolution 5/14, we are committed to develop an international legally binding

instrument on plastic pollution, including in the marine environment, with the ambition of

completing the work by the end of 2024. We highlight the progress made and call on

participating delegations to achieve an ambitious and balanced agreement without delay on

an international legally binding instrument under UNCLOS on the conservation and

sustainable use of marine biological diversity of areas beyond national jurisdiction, as called

for in the UNGA Resolution 69/292. We also acknowledge that ecosystems, including forests,

seagrasses, coral reefs, wetland ecosystems in all their diversity, including peatlands and

mangrove, support climate change mitigation and adaptation efforts.

16. We acknowledge the urgent need to strengthen policies and mobilize financing, from all

sources in a predictable, adequate and timely manner to address climate change, biodiversity

loss, and environmental degradation including significantly increasing support for developing

countries. We recall and further urge developed countries to fulfil their commitments to

deliver on the goal of jointly mobilizing USD 100 billion per year urgently by 2020 and through

to 2025 in the context of meaningful mitigation action and transparency on implementation.

We also support continued deliberations on an ambitious new collective quantified goal of

climate finance from a floor of USD 100 billion per year to support developing countries, that

helps in fulfilling the objective of the UNFCCC and implementation of the Paris Agreement.

We emphasize the importance of transparency in the implementation of the pledges. We also

recall the Glasgow Climate Pact urging developed countries to at least double their collective

provision of climate finance for adaptation to developing countries, from 2019 levels, by 2025,

in the context of achieving a balance between mitigation and adaptation in the provision of

scaled up financial resource, recalling Article 9 of the Paris Agreement.

17. In the context of strengthening global efforts to reach the objective of the United Nations

Framework Convention on Climate Change (UNFCCC) and the goals of the Paris Agreement,

as well as implementing the COP26 commitments, we reiterate that our policy mix toward

carbon neutrality and net zero should include a full range of fiscal, market and regulatory

mechanisms including, as appropriate, the use of carbon pricing and non-pricing

mechanisms and incentives, and phase out and rationalize, over the medium term, inefficient

fossil fuel subsidies that encourage wasteful consumption and commit to achieve this

objective, while providing targeted support to the poorest and most vulnerable, and in line

with national circumstances. We acknowledge the macro-economic risks stemming from

climate change and will continue discussions on the costs and benefits of different


18. We are committed to take actions in support of orderly, just and affordable transitions to

achieve the objectives of the 2030 Agenda for Sustainable Development in line with the

UNFCCC and the Paris Agreement as well as with the convention on Biological Diversity. We

welcome the progress made across the G20, international organizations, other international

networks and initiatives, and the private sector in addressing the priorities of the G20

Sustainable Finance Roadmap, which is voluntary and flexible in nature, and call for further

efforts to advance the Roadmap’s recommended actions that will scale up sustainability

financing. We welcome the establishment of the Sustainable Finance Working Group’s online

dashboard and repository of relevant work, to illustrate ongoing and future progress made on

the Roadmap, and encourage members to contribute on a voluntary basis, taking country

circumstances into consideration. We endorse the 2022 G20 Sustainable Finance Report

which articulates practical and voluntary recommendations for jurisdictions and relevant

stakeholders in developing transition finance frameworks, improving the credibility of

financial institutions’ net zero commitments and scaling up sustainable finance instruments,

with a focus on improving accessibility and affordability. We also welcome the valuable

discussion during the Presidency’s Forum on policy levers that incentivize financing and

investment to support the transition.

19. We remain committed to promoting a healthy and sustainable recovery which builds towards

achieving and sustaining Universal Health Coverage under the SDGs. While the COVID-19

pandemic is not over, the World Health Organization (WHO) has recently declared monkeypox

as another Public Health Emergency International Concern (PHEIC), reinforcing that

international health threats are ever present and that the G20 and broader global community

must come together to improve our collective prevention, preparedness and response

capabilities. We reaffirm the importance of strengthening of national health systems by

putting people at the center of preparedness and equip them to respond effectively. We

emphasize the need for equitable access to pandemic medical countermeasures, and

welcome the efforts of ACT-A, and note that the results of the ACT-A external evaluations can

be useful lessons for future discussions. We reaffirm our commitment to strengthen global

health governance, with the leading and coordination role of WHO and support from other

international organizations. We support the work of the Intergovernmental Negotiating Body

(INB) that will draft and negotiate a legally binding instrument that should contain both legally

binding and non-legally binding elements to strengthen pandemic PPR and the working group

on the International Health Regulations that will consider amendments to the International

Health Regulations (IHR) (2005) mindful that the decision will be made by World Health


20. The G20 High Level Independent Panel, as well as the WHO and World Bank have estimated

there is an annual pandemic PPR financing gap of approximately USD 10 billion. As initiated

by the Saudi Arabian G20 Presidency, the Italian G20 Presidency and continued by the

Indonesian G20 Presidency, we welcome the provision of additional financial resources, to

assist in financing critical gaps in implementing IHR (2005) and increase PPR capacities. In

this regard, we welcome the establishment of a new Financial Intermediary Fund for

Pandemic PPR (the ‘Pandemic Fund’) hosted by the World Bank. It aims to address critical

pandemic PPR gaps and build capacity at national, regional and global levels, bring

additionality in financial resources for pandemic PPR, catalyze complementary investments,

and facilitate a coordinated and coherent approach to pandemic PPR strengthening. We

welcome the Pandemic Fund’s inclusive membership and representation from low- and

middle-income countries, civil society organizations and donors, and acknowledge the WHO’s

technical expertise and central coordination role in this endeavor, which reflects its leadership

role in the global health architecture. We appreciate the work of the Secretariat hosted by the

World Bank, with the WHO as technical lead and as chair of the Technical Advisory Panel. We

look forward to the launch of the Pandemic Fund’s first call for proposals as soon as possible.

We commit to increase the capacity of developing countries for pandemic PPR through the

Pandemic Fund, and look forward to the stocktaking review of the Pandemic Fund at the end

of its first year to draw on lessons learned and incorporate any changes needed to ensure it

is operating in accordance with its governing documents and effective at filling critical PPR

gaps, and that it continues to have a central coordination role for the WHO, maintains a strong

connection to the G20, and is inclusive of the perspectives of low- and middle-income

countries and additional non-G20 partners in its decision making. We commend the pledges

by current donors, amounting to over USD 1.4 billion, and encourage additional voluntary

pledges. We call on new donors to join the Pandemic Fund, as they are able to.

21. It is essential to continue collaboration between Finance and Health Ministries for pandemic

PPR. We extend the mandate of the Task Force, and ask the Secretariat of the Task Force to

work with the Task Force co-chairs, the incoming Indian G20 Presidency, the G20 Troika, and

G20 members to agree on a Task Force workplan for 2023, taking into account a multi-year

planning horizon. We thank the WHO for continuing to host the Secretariat, with support from

the World Bank. In 2023 the Task Force will continue to be co-chaired by Indonesia and Italy

representing advanced and emerging economy perspectives, and will continue to draw on

expertise of the WHO, International Financial Institutions and other relevant organizations,

with the support of the 2023 Indian G20 Presidency. To expand the voice of lower income

countries we invite key regional organizations to join the Task Force meetings, as appropriate.

We will work closely with the WHO to ensure the Task Force continues to complement the

global pandemic PPR architecture and there is no further duplication and fragmentation of

the global health governance system. Delivering on the mandate from the G20 Rome Leaders’

Declaration, in 2023 the Task Force will continue developing coordination arrangements

between Finance and Health Ministries, and share best practices and experiences from past

finance-health coordination in order to develop joint responses to pandemics, as appropriate.

The Task Force will undertake work to better understand economic risks and vulnerabilities

from pandemics, and how to mitigate them, with a focus on finance and health coordination

in response to new pandemics, considering country-specific circumstances and recognizing

the importance of further work on resource mobilization. We ask the Task Force to report

back to Finance and Health Ministers in 2023 on its progress.

22. We recognize that the extensive COVID-19 immunization is a global public good and we will

advance our effort to ensure timely, equitable and universal access to safe, affordable, quality

and effective vaccines, therapeutics and diagnostics (VTDs). Acknowledging the adoption of

the Ministerial Declaration on the WTO Response to the COVID-19 Pandemic and

Preparedness for Future Pandemics and the Ministerial Decision on the TRIPS Agreement at

the WTO’s 12th Ministerial Conference (MC12), we note that, no later than six months from

the date of the Ministerial Decision on the TRIPS Agreement, WTO members will decide on

its extension to cover the production and supply of COVID-19 diagnostics and therapeutics.

We remain committed to embedding a multisectoral One Health approach and enhancing

global surveillance, including genomic surveillance, in order to detect pathogens and

antimicrobial resistance (AMR) that may threaten human health. To enable global pathogen

surveillance as part of our commitment to implement the IHR (2005), we encourage sharing

of pathogen data in a timely manner on shared and trusted platforms in collaboration with

WHO. We encourage sharing of benefits arising from the utilization of pathogens consistent

with applicable national laws.

23. We recognize the need for strengthening local and regional health product manufacturing

capacities and cooperation as well as sustainable global and regional research and

development networks to facilitate better access to VTDs globally, especially in developing

countries, and underscore the importance of public-private partnership, and technology

transfer and knowledge sharing on voluntary and mutually agreed terms. We support the

WHO mRNA Vaccine Technology Transfer hub as well as all as the spokes in all regions of

the world with the objective of sharing technology and technical know-how on voluntary and

mutually agreed terms. We welcome joint research and joint production of vaccines, including

enhanced cooperation among developing countries. We acknowledge the importance of

shared technical standards and verification methods, under the framework of the IHR (2005),

to facilitate seamless international travel, interoperability, and recognizing digital solutions

and non-digital solutions, including proof of vaccinations. We support continued international

dialogue and collaboration on the establishment of trusted global digital health networks as

part of the efforts to strengthen prevention and response to future pandemics, that should

capitalize and build on the success of the existing standards and digital COVID-19


24. The COVID-19 pandemic has accelerated the transformation of the digital ecosystem and

digital economy. We recognize the importance of digital transformation in reaching the SDGs.

We acknowledge that affordable and high-quality digital connectivity is essential for digital

inclusion and digital transformation, while a resilient, safe and secure online environment is

necessary to enhance confidence and trust in the digital economy. We recognize the

importance of policies to create an enabling, inclusive, open, fair and non-discriminatory

digital economy that fosters the application of new technologies, allows businesses and

entrepreneurs to thrive, and protects and empowers consumers, while addressing the

challenges, related to digital divides, privacy, data protection, intellectual property rights, and

online safety. We acknowledge the importance to counter disinformation campaigns, cyber

threats, online abuse, and ensuring security in connectivity infrastructure. We remain

committed to further enable data free flow with trust and promote cross-border data flows.

We will advance a more inclusive, human-centric, empowering, and sustainable digital

transformation. We also reaffirm the role of data for development, economic growth and

social well-being.

25. We encourage international collaboration to further develop digital skills and digital literacy

to harness the positive impacts of digital transformation, especially for women, girls, and

people in vulnerable situations, and further support efforts to develop reliable skills and

literacy. We note the increasing demands for a workforce adept at utilizing emerging

technologies, education and training, reskilling and upskilling to meet such demands. We also

seek to increase connectivity by accelerating high capacity and secure infrastructure and

provide more accessible and affordable resources and tools, while also improve the digital

literacy skills of learners, teachers, school leaders, and other educational professional to

ensure universal access to education, accelerate learning recovery and promote lifelong


26. We found digital technology becomes the key for recovery and empowerment across various

sectors, including in building a resilient and sustainable food system and agriculture, creating

sustainable and decent jobs and human capacity development, supporting inclusive trade,

industrialization and investment, increasing productivity, as well as opening up the potential

of the future economy, especially for Micro, Small and Medium Enterprises (MSMEs) and

start-ups. It is essential to ensure that no one is left behind in our effort to digitally transform

our society, by involving all stakeholders, including the youth, women, business sector, audit

institution, parliaments, scientists, and labours.

27. We support continued implementation of the G20 Roadmap for Enhancing Cross-Border

Payments, including the future delivery of the initial estimates for key performance indicators

and 2022 Progress Report that sets out priorities for the next stage of work. We encourage

central banks, other public authorities and the payments industry to continue to work

collaboratively on these important initiatives to enhance cross-border payments. We

welcome the report by the Bank for International Settlements (BIS) Committee on Payments

and Market Infrastructures (CPMI) on interlinking payment systems and the role of

Application Programming Interfaces (APIs) that was presented in a joint workshop by the

Indonesian G20 Presidency in coordination with the BIS CPMI and the BIS Innovation Hub

(BISIH) on cross-border payments and interoperability at the Festival Ekonomi Keuangan

Digital Indonesia (FEKDI) 2022. We also welcome the joint report by the BIS CPMI, BISIH, IMF,

and World Bank on options for access to and interoperability of Central Bank Digital

Currencies (CBDCs) for cross-border payments.

28. We endorse the G20 Financial Inclusion Framework on Harnessing Digitalization to Increase

Productivity and Foster a Sustainable and Inclusive Economy for Women, Youth and MSMEs

or Yogyakarta Financial Inclusion Framework guided by the G20 2020 Financial Inclusion

Action Plan. To address digitalization and sustainable finance developments, and support

financial inclusion and well-being, we endorse the updated G20/OECD High-Level Principles

on Financial Consumer Protection and welcome the updated G20/OECD High-Level Principles

on SME Financing.

29. To support our collective ambition to recover together, recover stronger, we commit to well[1]calibrated, well-planned, and well-communicated policies to support sustainable recovery,

with due consideration to country-specific circumstances. We commit to mitigate scarring

effects to support strong, sustainable, balanced and inclusive growth. We will stay agile and

flexible in our fiscal policy response, standing ready to adjust to the changing circumstances

as needed. Temporary and targeted measures to help sustain the purchasing power of the

most vulnerable and cushion the impact of commodity price increases, including energy and

food prices, should be well designed to avoid adding to high inflationary pressures. We will

continue to enhance macro policy cooperation, preserve financial stability and long-term

fiscal sustainability, and safeguard against downside risks and negative spillovers.

Macroprudential policies need to remain vigilant to guard against rising systemic risks as

financial conditions tighten. Recognizing that many currencies have moved significantly this

year with increased volatility, we reaffirm the commitments made on exchange rates by our

Finance Ministers and Central Bank Governors in April 2021. We also reiterate the importance

of global cooperation and express our appreciation to the Indonesian G20 Presidency for its

efforts to maintain an effective system of multilateralism through the G20.

30. G20 central banks are strongly committed to achieving price stability, in line with their

respective mandates. To that end, they are closely monitoring the impact of price pressures

on inflation expectations and will continue to appropriately calibrate the pace of monetary

policy tightening in a data-dependent and clearly communicated manner, ensuring that

inflation expectations remain well anchored, while being mindful to safeguard the recovery

and limit cross-country spillovers. Central bank independence is crucial to achieving these

goals and buttressing monetary policy credibility.

31. We are committed to the swift implementation of the OECD/G20 two-pillar international tax

package. We welcome the progress on Pillar One. We also welcome progress on Pillar Two

Global Anti-Base Erosion (GloBE) Model Rules, which pave the way for consistent

implementation at a global level as a common approach, and we look forward to the

completion of the GloBE Implementation Framework. We call on the OECD/G20 Inclusive

Framework on Base Erosion and Profit Shifting (BEPS) to finalize Pillar One, including

remaining issues and by signing the Multilateral Convention in the first half of 2023, and to

complete the negotiations of the Subject to Tax Rule (STTR) under Pillar Two that would allow

the development of a Multilateral Instrument for its implementation. We will work to

strengthen the tax and development agenda in light of the July 2022 G20 Ministerial

Symposium on Tax and Development, and we note the G20/OECD Roadmap on Developing

Countries and International Tax. We support the progress made on implementing

internationally agreed tax transparency standards, including regional efforts and welcome the

signing of the Asia Initiative Bali Declaration in July 2022. We also welcome the Crypto-Asset

Reporting Framework and the amendments to the Common Reporting Standard, both of

which we consider to be integral additions to the global standards for automatic exchange of

information. We call on the OECD to conclude the work on implementation packages,

including possible timelines, and invite the Global Forum on Transparency and Exchange of

Information for Tax Purposes to build on its commitment and monitoring processes to ensure

widespread implementation of both packages by relevant jurisdictions.

32. We reaffirm our commitment to strengthening the long-term financial resilience of the

international financial architecture, including by promoting sustainable capital flows, and

developing local currency capital markets. We welcome the IMF’s revised Institutional View

on Liberalization and Management of Capital Flows and look forward to continued

discussions with international organizations on the coherent implementation of international

frameworks for the use of capital flow management measures, while being mindful of their

original purpose. We look forward to further progress by the IMF in operationalizing the

Integrated Policy Framework and welcome the report by the Bank for International

Settlements (BIS) on Macro-financial stability frameworks. We welcome continued

exploration of how CBDCs could potentially be designed to facilitate cross-border payments,

while preserving the stability and integrity of the international monetary and financial system.

We welcome the successful completion of the G20 TechSprint 2022, a joint initiative with the

BISIH, which has contributed to the debate on the most practical and feasible solutions to

implement CBDCs. We reiterate our commitment to maintaining a strong and effective Global

Financial Safety Net with a strong, quota-based and adequately resourced IMF at its center.

We remain committed to revisiting the adequacy of quotas and will continue the process of

IMF governance reform under the 16th General Review of Quotas, including a new quota

formula as a guide, by 15 December 2023. We take note on the continuation of discussion of

the IMF surcharge policy.

33. 1 We are committed to support all vulnerable countries to recover together, recover stronger.

We welcome pledges amounting to USD 81.6 billion through the voluntary channelling of

Special Drawing Rights (SDRs) or equivalent contributions, and call for further pledges from

all willing and able countries to meet the total global ambition of USD 100 billion of voluntary

contributions for countries most in need. We welcome the operationalization of the Resilience

and Sustainability Trust (RST) to help eligible low-income countries, small states and

vulnerable middle-income countries address longer-term structural challenges that pose

macroeconomic risks, including those stemming from pandemics and climate change. We

welcome the voluntary contributions to the RST and call for additional pledges and timely

contributions to it and to the Poverty Reduction and Growth Trust (PRGT), especially for

subsidy resources, to ensure a broad pool of contributors to meet funding needs. We are open

to explore viable options for countries to voluntarily channel SDRs through Multilateral

Development Banks (MDBs), while respecting national legal frameworks and the need to

preserve the reserve assets status of SDRs. We will explore ways, including through balance

sheet optimization measures, and other potential avenues, to maximize MDBs’ development

impact. We welcome early deliberations and urge MDBs to continue to discuss options for

implementing the recommendations of the G20 Independent Review of MDBs’ Capital

Adequacy Frameworks within their own governance frameworks, and to deliver an update in

Spring 2023. This will inform the ongoing development of a roadmap for the implementation

of the recommendations, while safeguarding MDBs’ long-term financial sustainability, robust

credit ratings and preferred creditor status. We acknowledge the concluding report on the

2020 Shareholding Review of the International Bank for Reconstruction and Development

(IBRD) and look forward to the 2025 Shareholding Review. At this challenging juncture, we

reiterate our commitment to step up our efforts to implement the Common Framework for

Debt Treatment beyond the Debt Service Suspension Initiative (DSSI) in a predictable, timely,

orderly and coordinated manner. We welcome progress in this regard, including the provision

of financing assurances for Zambia. We welcome the conclusion of the debt treatment to

Chad and encourage the timely conclusion of the debt treatment for Zambia by early 2023.

We also encourage the conclusion of the debt treatment for Ethiopia under an IMF-supported

program. We are concerned about the deteriorating debt situation in some vulnerable middle[1]income countries. This could be addressed by multilateral coordination that involves all

official and private bilateral creditors to take swift action to respond to their requests for debt

treatments. We stress the importance for private creditors and other official bilateral creditors

to commit to providing debt treatments on terms at least as favourable to ensure fair burden

sharing in line with the comparability of treatment principle. We reaffirm the importance of

joint efforts by all actors, including private creditors, to continue working toward enhancing

debt transparency. We welcome the efforts of private sector lenders who have already

contributed data to the joint Institute of International Finance (IIF)/OECD Data Repository

Portal, and continue to encourage others to also contribute on a voluntary basis.

34. In the face of a more challenging global economic and financial outlook, we underline the

need to reinforce global financial system resilience and ask the Financial Stability Board (FSB)

and IMF to continue their monitoring efforts. We commit to sustaining global financial

stability, including through continued coordination of policy measures and implementation of

international standards. We welcome the FSB’s final report on financial sector exit strategies

and scarring effects of COVID-19 and its conclusions regarding financial stability issues by

the end of 2022. We strongly support global policy actions to increase resilience, in particular

against cross-border spillovers, including by addressing the identified structural

vulnerabilities in non-bank financial intermediation (NBFI) from a systemic perspective. To

this end, we welcome the FSB’s NBFI progress report with policy proposals to address

systemic risk in NBFI, including in open-ended funds. We welcome the report by the Basel

Committee on Banking Supervision (BCBS), the BIS Committee on Payments and Market

Infrastructures (CPMI), and the International Organization of Securities Commissions

(IOSCO) on the review of margining practices. We support taking forward the implementation

of the FSB updated Roadmap for addressing climate-related financial risks which

complements the G20 Sustainable Finance Roadmap. Globally consistent data are needed in

order to effectively address climate-related financial risks. We look forward to the finalization

of standards by the International Sustainability Standards Board (ISSB) in support of globally

consistent, comparable and reliable climate-related financial disclosures, and its work beyond

climate, and we welcome the efforts to achieve interoperability across disclosure

frameworks. We welcome the FSB progress report on achieving consistent and comparable

climate-related financial disclosures and the final report on supervisory and regulatory

approaches to climate-related risks. We welcome the report by the FSB and the Network for

Greening the Financial System (NGFS) on climate-scenario analysis by jurisdictions.

35. We welcome ongoing work by the FSB and international standard setters to ensure that the

crypto-assets ecosystem, including so-called stablecoins, is closely monitored and subject to

robust regulation, supervision, and oversight to mitigate potential risks to financial stability.

We welcome the FSB’s proposed approach for establishing a comprehensive international

framework for the regulation of crypto-asset activities based on the principle of ‘same activity,

same risk, same regulation’. We welcome the FSB consultative report on the review of its high[1]level recommendations for the regulation, supervision and oversight of “global stablecoin”

arrangements. We also welcome the FSB consultation report on promoting international

consistency of regulatory and supervisory approaches to crypto-assets activities and

markets. It is critical to build public awareness of risks, to strengthen regulatory outcomes

and to support a level playing field, while harnessing the benefits of innovation. We welcome

the final guidance by the BIS CPMI and IOSCO which confirms that the Principles for Financial

Market Infrastructures apply to systematically important stablecoin arrangements. We

welcome the FSB consultative report on achieving greater convergence in cyber incidents

reporting, and look forward to the final report. We welcome the results of the second phase

of the Data Gaps Initiative (DGI-2) and will continue to work with partners in addressing the

identified remaining challenges. We welcome the workplan on the new Data Gaps Initiative

(DGI) prepared by the IMF, FSB and the Inter-Agency Group on Economic and Financial

Statistics (IAG) in collaboration with participating members. We ask the IMF, the FSB and the

IAG to begin work on filling these data gaps and report back on progress in the second half

of 2023, noting that the targets are ambitious and delivery will need to take into account

national statistical capacities, priorities, and country circumstances as well as avoiding

overlap and duplication at international level. We welcome the progress of work on the review

of the G20/OECD Principles of Corporate Governance, including the second report and the

ongoing public consultation, and look forward to further updates on the review.

36. We reaffirm that the rules-based, non-discriminatory, free, fair, open, inclusive, equitable,

sustainable and transparent multilateral trading system (MTS), with the WTO at its core, is

indispensable to advancing our shared objectives of inclusive growth, innovation, job creation

and sustainable development in an open and interconnected world as well as to supporting

the resilience and recovery of a global economy under strain due to COVID-19 and global

supply chain disruption. We agree that reforming the WTO is key in strengthening trust in the

MTS. We will continue to ensure a level playing field and fair competition to foster a

favourable trade and investment environment for all. We note the importance of the

contribution of the MTS to promote the UN 2030 Agenda and its SDGs. Commending the

successful conclusion of the 12th WTO Ministerial Conference (MC12), we commit to seize

and advance the positive momentum by engaging in active, constructive, pragmatic, and

focused discussions on WTO reform to improve all its functions, including reform of the

dispute settlement mechanism, on the path leading to the MC13.

37. We are committed to reinforce international trade and investment cooperation to address

supply chain issues and avoid trade disruptions. We believe that trade and

climate/environmental policies should be mutually supportive and WTO consistent and

contribute to the objectives of sustainable development. We also recognise the importance

of inclusive international cooperation on digital trade. We recognize the need to promote

value addition through sustainable and inclusive investment in highly productive sectors such

as downstream manufacturing, digital trade, and services, and to foster linkages between

foreign investors and local enterprises particularly MSMEs. We note the initiative from the

Indonesian Presidency to hold discussions on policy coherence between trade, investment

and industry, and to continue addressing industry-related issues in the broader G20 process,

as appropriate.

38. We recognize the importance of revitalizing infrastructure investment in a sustainable,

inclusive, accessible, and affordable way. We endorse the voluntary and non-binding G20/GI

Hub Framework on How to Best Leverage Private Sector Participation to Scale Up Sustainable

Infrastructure Investment which will consider country circumstances, and which will

complement investment from other sources, including public investment and finance

provided by MDBs. We note the Outcome Document from the 2022 G20 Infrastructure

Investors Dialogue. To enhance social inclusion and address subnational disparities, we

endorse the G20-OECD Policy Toolkit on Mobilizing Funding and Financing for Inclusive and

Quality Infrastructure Investment in Regions and Cities, prepared with the support of the Asian

Development Bank (ADB). We note the Preliminary Findings Report on Gender Inclusive

Approaches in Private Participation in Infrastructure in promoting gender considerations

during the infrastructure lifecycle and look forward to the final report. We endorse the

InfraTracker 2.0 which will enable both the public and private sectors towards transformative

infrastructure investment post-COVID-19, by providing insights into long-term infrastructure

strategies and plans. To narrow the digital divide, we endorse the G20 Compendium of Case

Studies on Digital Infrastructure Finance: Issues, Practices and Innovations. We endorse the

Quality Infrastructure Investment (QII) Indicators and associated guidance note, developed

for the G20, which are voluntary and non-binding and consider country circumstances, and

we look forward to further discussions on how the QII indicators can be applied. We welcome

progress made towards developing a possible new governance model for the Global

Infrastructure Hub (GI Hub) and ask that principles to guide the process be finalized as soon

as possible.

39. The rise of automation and digital technologies are reshaping the world of work, presenting

both opportunities and challenges. Adding to the situation, the COVID-19 pandemic has

exacerbated pre-existing inequalities in many countries and continues to disproportionately

affect women, youth, older workers, persons with disabilities and migrant workers. We

underline that it remains our utmost priority to mitigate the adverse impact of the current

trends on the labour market, reduce inequalities while responding effectively to the

opportunities that automation and digital technologies present and promote gender equality.

We remain committed to the promotion of decent work and the elimination of child and forced


40. We reaffirm our commitment to support the full inclusion of migrants, including migrant

workers, refugees, in our recovery efforts, in the spirit of international cooperation and in line

with national policies, legislation, and circumstances, ensuring full respect for their human

rights and fundamental freedoms regardless of their migration status. We also recognize the

importance of preventing irregular migration flows and the smuggling of migrants, as part of

a comprehensive approach for safe, orderly and regular migration, while responding to

humanitarian needs and the root causes of displacement. We support strengthening

cooperation between countries of origin, transit, and destination. We will continue the

dialogue on migration and forced displacement in future Presidencies.

41. We remain committed to a human-centred, inclusive, fair, sustainable approach that leads to

greater social justice, decent work, and social protection for all. We will continue our work to

integrate persons with disabilities, women, and youth across sectors and levels in pursuit of

an inclusive labour market. We are resolved to promote sustainable development of human

capacity, labour markets, and productivity, including through community-based vocational

education and training, to advance job creation through entrepreneurship, to empower

MSMEs, and to accelerate our efforts to foster and adapt labour protection for all workers,

including those in the informal sector. We will maximize our approach to skills development

to respond effectively to the needs of the labour market, with the involvement of social

partners. We will accelerate progress towards the Antalya Youth Goal, as well as universal

social protection for all by 2030.

42. We are deeply concerned that multidimensional crises, including the COVID-19 pandemic, as

well as lack of fiscal space and unequal access to finance and technology, are posing

significant challenges towards realizing the 2030 Agenda for Sustainable Development and

the Addis Ababa Action Agenda in a timely manner. We will demonstrate leadership and take

collective actions to implement the 2030 Agenda for Sustainable Development and

accelerate the achievement of the SDGs by 2030 and address developmental challenges by

reinvigorating a more inclusive multilateralism and reform aimed at implementing the 2030


43. In this regard, we will strengthen inclusive and sustainable recovery and build resilience in all

developing countries, including SIDS in the Pacific and Caribbean and LDCs, through

ambitious and concrete actions. We also reiterate our continued support to Africa, including

through the G20 Compact with Africa and the G20 Initiative on Supporting Industrialization in

Africa and LDCs. We will focus on MSMEs, adaptive social protection, green economy and

blue economy. We recognise the need for partnership to promote mutually beneficial

technology cooperation and share good practice, as well as the need for inclusive and quality

infrastructure investment for stronger recovery and resilience. We underscore the need to

address the financing gap towards implementation of the 2030 Agenda, through enhancing

innovative financing mechanisms, including blended finance, while noting the importance of

transparency and mutual accountability. We take note of initiatives such as the Coalition for

Disaster Resilience Infrastructure and the Global Blended Finance Alliance, and welcome the

Global Platform for Disaster Risk Reduction. We look forward to the success of the SDGs

Summit in 2023.

44. Access to education is a human right and a pivotal tool for inclusive and sustainable

economic recovery. We welcome the outcome of the Transforming Education Summit. We

will act in solidarity in particular with developing countries to rebuild more resilient, tech[1]enabled, accessible, and effective education systems. We will empower relevant actors

within and beyond G20 to remove barriers to education, improve teaching and learning

environments, and support transitions within and across all stages of education, with

emphasis on women and girls. We also underscore the importance of learners’ well-being in

their preparation for work and meaningful participation and contribution to more equitable,

inclusive and sustainable society. We reaffirm the importance of Education for Sustainable

Development (ESD) and our commitment to SDG4 to ensure inclusive and equitable quality

education and training. We are committed to promoting lifelong learning at all levels amidst

the changing nature of work and encourage partnership in this regard.

45. We acknowledge the importance of research and innovation in sustainable resource

utilization in various sectors, especially in the midst of health, climate, food and energy crises.

We welcome research and innovation collaboration for the conservation of biodiversity and

its use to support the sustainable development including green and blue economy. We also

promote inclusive collaborations to further research and innovation, as well as promoting

researchers’ international mobility.

46. As women and girls continue to be disproportionately affected by the COVID-19 pandemic

and other crises, we reaffirm our commitment to put gender equality and women’s

empowerment at the core of our efforts for an inclusive recovery and sustainable

development. We commit to implement the G20 Roadmap Towards and Beyond the Brisbane

Goal foster financial inclusion and access to digital technologies, including to address the

unequal distribution in paid and unpaid care and domestic work, with a focus on closing the

gender pay gap. We commit to the elimination of gender-based violence, the enhancement of

social, health, care and educational services, and the overcoming of gender stereotypes. We

will continue to advance women’s and girls’ equal access to inclusive and quality education,

including participations in STEM education, women entrepreneurship through MSMEs, and

women’s and girls’ access in leadership positions. We will promote quality of life for women

in rural areas and women with disabilities. We welcome the work that has been done by the

EMPOWER Alliance and its engagement with the G20, and support the future convening of

G20 Ministerial Conference on Women’s Empowerment.

47. We reaffirm the important role of tourism for global recovery, and the community-based

approach for rebuilding a more human-centred, inclusive, sustainable, and resilient tourism

sector. We acknowledge the vital importance of strengthening safe international mobility and

connectivity and seamless post-Covid travel to enable tourism recovery. We further recognize

that creative economy, which involve knowledge-based economy, human creativity, and

intellectual property rights, contributes to improving the resiliency of tourism local

communities and MSMEs through human capital development, digital transformation,

innovation, public-private partnerships, sustainable preservation of natural and cultural

heritage, and innovative financing while retaining their significant commercial and cultural


48. We reaffirm the role of culture as an enabler and driver for sustainable development with

intrinsic value beyond its social and economic benefits. We are committed to develop policies

that draw on cultural diversity as a resource for sustainable living and promote an inclusive

and equitable ecosystem at all levels that values the contribution of those working in the

culture, arts and heritage sectors. We will respect, protect and preserve the cultural heritage

of our peoples, including local communities and indigenous peoples, as applicable. We

support public incentives and sustainable investments from the private sector to strengthen

the cultural economy. We will safeguard cultural heritage as well as fighting illicit trafficking

of cultural property and promoting restitution to its rightful owner/countries of origin, in

accordance with the relevant UNESCO Conventions and national laws.

49. We will continue to lead by example through strengthening and implementing our obligations

and commitments to anti-corruption efforts including through legally binding instruments,

while renewing our commitment to zero tolerance for corruption. We emphasize the

importance of transparency and accountability for both public and private sector as a crucial

part of a collective recovery effort. We underscore the important role of auditing as well as

public participation and anti-corruption education in preventing and tackling any form of

corruption. We recall our commitments and call on all countries to criminalise bribery,

including bribery of foreign public officials, and effectively prevent, combat, detect,

investigate, prosecute and sanction bribery. We will further work to strengthen international

cooperation and legal frameworks to combat economic crimes including corruption related

to organized crime and money laundering, including, on a voluntary basis, through existing

networks and initiatives such as GlobE and the G20 Denial of Entry Experts Network. We will

share information on our actions towards criminalising foreign bribery and enforcing foreign

bribery legislation in line with Article 16 of UNCAC, and look forward to enlarging participation

to the OECD Anti-Bribery Convention, as appropriate. We reaffirm our commitment to deny

safe haven to corruption offenders and their assets, in accordance to domestic laws. We also

recognize the importance of mitigating corruption risk in all sectors. We will further

strengthen our engagement with and promote active participation by stakeholders such as

academia, civil society, media and the private sector, including to advance a culture of


50. We recognize the need for the international community to step up their efforts to effectively

combat money laundering, terrorism financing, and proliferation financing. We reaffirm our

commitment to delivering the strategic priorities of the Financial Action Task Force (FATF)

and its FATF Style Regional Bodies (FSRBs) to lead global action to respond to these threats.

We welcome the initiative by the FATF to promote implementation of international standards

on virtual assets, in particular the “travel rule”, and transparency of beneficial ownership, and

acknowledge their role in the fight against systemic corruption and environmental crimes,

which gravely impact economies and societies. We support the ongoing work of the FATF to

enhance global efforts to seize criminal proceeds and return funds to victims and states in

line with domestic frameworks. We encourage all G20 members to strengthen collaboration

to adopt and effectively implement the FATF standards.

51. We welcome the Indonesian Presidency’s efforts to compile a wide array of national

submissions and international coordinated collaborations from G20 members, invited

countries, and regional and international organizations. These have been presented in the

“G20 Action for Strong and Inclusive Recovery”, as annexed. We call for further concrete

actions to impart greater momentum and impact to the efforts of international community to

recover together and recover stronger.

52. We welcome the outcomes of various G20 working groups and Ministerial meetings. We

appreciate and thank Indonesia for its Presidency and for successfully hosting the Bali G20

Leaders’ Summit and for its contribution to the G20 process. We look forward to meeting

again in India in 2023, in Brazil in 2024 and in South Africa in 2025.

We thank international organizations, including the UN and its Specialised Agencies, World Bank

Group, IMF, OECD, Asian Development Bank, ERIA, CEPI, European Investment Bank, GGGI, ICAO,

IEA, IEF, IFAD, ILO, IRENA, FAO, FSB, Gavi, Global Fund, IAEA, Islamic Development Bank, ITU,

Medicine Patent Pool, Sustainable Energy for All (SEforAll), OPEC, WEF, WFP, WHO, WTO, UNCCD,


UNICEF, UNIDO, UNOPS, UN Women, UNWTO and the G20 Engagement Groups (W20, L20, T20,

S20, Y20, SAI20, P20, C20, B20, U20) for their valuable inputs and policy recommendations.


A. Ministerial Meetings and Working Group Outcome Documents

1. Communiqué 1st G20 Finance Ministers and Central Bank Governors Meeting (Jakarta, 17-

18 February 2022)

2. Chair Summary G20 Finance Ministers and Central Bank Governors Meeting (Washington

DC, 20 April 2022)

3. Chair Summary Note Meeting of G20 Agricultural Chief Scientists (MACS-G20) (Bali, 5-7

July 2022)

4. G20 Chair’s Summary Third G20 Finance Ministers and Central Bank Governors Meeting

(Bali, 15-16 July 2022)

5. Chair’s Summary Ministerial Conference on Women’s Empowerment (Bali, 24-25 August


6. G20 Chair’s Summary Joint Environment and Climate Ministers’ Meeting (31 August 2022)

a. Annex 1: G20 Partnership on Ocean-based Actions for Climate Mitigation and


b. Annex 2: G20 Studies under the Climate Sustainability Working Group

7. G20 Digital Economy Ministers’ Meeting 2022 Chair’s Summary (Bali, 1 September 2022)

a. Annex 1: Stocktaking on the Extended Concept and Shared Understanding of Digital


b. Annex 2: Collection of Policies and Recommendations to Improve Meaningful

Participation of People in Vulnerable Situations in the Digital Economy

c. Annex 3: Report on Identifying Key Enablers on Digital Identity

8. G20 Chair’s Summary Education Ministers’ Meeting (Bali, 1 September 2022)

9. G20 Chair’s Summary Energy Transitions Ministers Meeting 2022 (Bali, 2 September 2022)

a. Bali Compact

b. Decade of Actions: Bali Energy Transitions Roadmap

c. Stocktake on Access, Technology and Finance

d. Summary of G20 2022 Energy Transitions Working Group Side Events

10. G20 Chair’s Summary on Multilateralism for Sustainable Development Goals (Belitung, 8

September 2022)

a. G20 Roadmap for Stronger Recovery and Resilience in Developing Countries, including

Least Developed Countries and Small Island Developing States

b. G20 Principles to Scale up Blended Finance in Developing Countries, including Least

Developed Countries and Small Island Developing States

c. 2022 G20 Bali Update on the G20 Action Plan on the 2030 Agenda for Sustainable

Development and G20 Development Commitments

11. Culture for Sustainable Living: Chair’s Summary of the G20 Culture Ministers Meeting

(Borobudur, 13 September 2022)

12. G20 Chair’s Summary Labour and Employment Ministers Meeting 2022 (Bali, 13-14

September 2022)

a. The G20 Policy Recommendations for Sustainable Growth and Productivity in Human

Capacity Development through Strengthening Community-Based Vocational Training


b. G20 Policy Principles on Adapting Labour Protection for More Effective Protection and

Increased Resilience for All Workers

c. Policy Recommendation on Promoting Entrepreneurship and Support MSMEs As Job

Creation Instruments

d. Action Plan on Accelerating and Monitoring the G20 Principles for the Labour Market

Integration of Persons with Disabilities

e. Update of the G20 Skills Strategy

13. G20 Chair’s Summary Trade, Investment and Industry Ministers Meeting (Bali, 22-23

September 2022)

a. Non-binding Guiding Principles to Support the Multilateral Trading System for the

Achievement of the SDGs

b. G20 Compendium on Promoting Investment for Sustainable Development (Bali


14. 2022 G20 Tourism Ministerial Meeting Chair’s Summary

a. Bali Guidelines for strengthening Communities and MSMEs as Tourism Transformation

Agents – A People-Centered Recovery

15. Chair’s Summary G20 Agriculture Ministers’ Meeting “Balancing Food Production and

Trade to Fulfil Food for All (Bali, 28 September 2022)

16. High-Level Principles on Enhancing the Role of Auditing in Tackling Corruption (29 July


17. Background Note on Mitigating Corruption Risk in Renewable Energy (11 November 2022)

18. Compendium of Good Practices on Public Participation and Anti-Corruption Education (11

November 2022)

19. Compendium on Good Practices of Regulatory Frameworks and Supervisory Measures for

Legal Professionals to Mitigate Corruption-Related Money Laundering Risks (11 November


20. G20 ACWG Accountability Report (12 November 2022)

21. The G20 Joint Finance and Agriculture Ministers’ Meeting: G20 Presidency Chair’s

Summary (Washington DC, 11 October 2022)

22. G20 Chair’s Summary Fourth G20 Finance Ministers and Central Bank Governors Meeting

(Washington DC, 12-13 October 2022)

23. Chair’s Summary Health Ministers’ Meeting: G20 Health Minister’s Action to Strengthen

Global Health Architecture (Bali, 27-28 October 2022)

a. The Lombok G20 One Health Policy Brief

b. Call to Action on Financing for TB Response

c. Call to Action on Antimicrobial Resistance

24. Chair’s Summary G20 Joint Finance-Health Ministers’ Meeting (Bali, 13 November 2022)

B. G20 Action for Strong and Inclusive Recovery