Bali, 14 November 2022 - The Ministry of Investment/Investment Coordinating Board (BKPM) held an activity "The Introduction to the G20 Bali Compendium and the Launch of Sustainable Investment Guidelines" in Bali, this afternoon (14/11). The preparation of the Bali Compendium is one of the results of the agreement in the investment cluster at the G20/Trade, Investment, and Industry Ministerial Meeting (TIIMM) Ministerial Meeting which took place on 22-23 September 2022 in Bali. In his remarks, Minister of Investment/Head of BKPM Bahlil Lahadalia explained that the background to the preparation of this Bali Compendium is the importance of mutual respect between the G20 countries in determining the direction of each country's investment policy based on its competitive advantage. Strictly speaking, Bahlil revealed that there were countries that felt they had more rights and managed other countries. According to Bahlil, this is irrelevant to current global developments. "Indonesia cannot be equated with America or other European countries. We won independence by means of struggle. We have eastern customs, we have a different culture from them. It's time for them to equate it with an investment pattern. I said no. That is the basis behind the preparation of the Bali Compendium," said Bahlil. On this occasion, Bahlil also expressed his gratitude for the cooperation of the United Nations Conference on Trade and Development (UNCTAD) which has compiled this Bali Compendium together with the Ministry of Investment/BKPM, which will later be used as a guide by the G20 countries. UNCTAD Secretary General Rebeca Grynspan expressed her greatest appreciation to the Minister of Investment for her support and solidarity with other developing countries. Rebeca said that the Bali Compendium contains various relevant experiences related to the promotion of sustainable investment from all G20 countries and other partner countries and will become the basis for policy makers from various G20 member countries to develop investment promotion strategies and how to promote the right type of investment for sustainable development "This compendium comes at the right time when the world is in crisis, severe inequality and chronic instability. This compendium offers smart solutions to the investment challenges we face," said Rebeca. On this occasion, the Ministry of Investment/BKPM also launched the Sustainable Investment Guidelines (SIG)/Guidelines for Sustainable Investment, which is the Indonesian Government's commitment to a green economy. The preparation of this Sustainable Investment Guide is the result of collaboration between the Ministry of Investment/BKPM and the Earthly Economic Coalition, KADIN, APINDO, representatives from community organizations, academics, investors, financial institutions, and MSME players. (*)