Jakarta (VNA) – The World Bank (WB) supports theIndonesian government's endeavors in recovering the economy from the impact ofthe COVID-19 pandemic while still addressing the issues related to climate change.

The past two years have been challenging, as the pandemichas caused health, economic, and social crises around the world, including inIndonesia, World Bank Country Director for Indonesia and Timor-Leste SatuKähkönen said at a business forum on March 29.

According to Kähkönen, the Indonesian government's effortshave been extraordinary, and it has successfully coordinated health resourcesand social assistance across the country to overcome the pandemic.

Indonesia's economy has passed through the crisis betterthan other economies in the world, thanks to its clever macroeconomicmanagement, she remarked. Now, the focus is shifting to supporting economicrecovery and tackling climate change, she said.

Climate change is a challenge that will determine theconditions in 2030, according to Kähkönen.

Meanwhile, Indonesia aims to reduce greenhouse gas emissionsby 26 percent by 2030 through its own efforts and by 41 percent if it issupported by the international community. Indonesia is also striving to achieve net-zeroemissions by 2060 or sooner and is preparing for a transition in the energysector.

Kähkönen noted that between 2016 and 2021, several importantincreases in private investment were recorded in Indonesia, with 23 ways of approach in the form of public-private partnership, with the value amounting to almost 13.25billion USD.

According to Kähkönen, reforms are required to harmoniseregulations to accelerate climate-smart development./.