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Readout from World Bank Group President David Malpass’s Meeting with Luhut Pandjaitan, Coordinating Minister of Maritime Affairs and Investment of Indonesia

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Readout from World Bank Group President David Malpass’s Meeting with Luhut Pandjaitan, Coordinating Minister of Maritime Affairs and Investment of Indonesia

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Readout from World Bank Group President David Malpass’s Meeting with Luhut Pandjaitan, Coordinating Minister of Maritime Affairs and Investment of Indonesia

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People:david-malpass
People:world-bank-group-president
country:Indonesia

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2022-04-26

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April 26, 2022

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WASHINGTON, April 26 – Today, World Bank Group President David Malpass met with Luhut Pandjaitan, Coordinating Minister of Maritime Affairs and Investment, Indonesia.

President Malpass and Minister Pandjaitan discussed Indonesia’s energy transition efforts, including a just transition away from coal investments; and trade issues, including Indonesia’s restrictions on the export of palm oil.

President Malpass emphasized to Minister Pandjaitan the importance of keeping markets open, avoiding construction of new coal-fired power plants and finding negotiated solutions for the decommissioning of the existing fleet in a manner that prioritizes impact. President Malpass also highlighted the substantial opportunities for gains by optimizing the balance sheets of state-owned enterprises to free up funds for climate-smart investments.

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