Asia Pacific News
LAST UPDATE: June 17, 2025
India a voice for Global South at G7, says foreign minister
AFP
India’s Foreign Minister Subrahmanyam Jaishankar told AFP that as a non‑G7 “outreach country,” India represents voices from the Global South at the G7 summit in Canada, acting as a “bridge” between developed and developing nations. He emphasized the need to challenge global inequities and shape global discourse.
Insight
India is leveraging its outreach status to assert itself as a diplomatic mediator, aiming to reshape international power dynamics and propose reforms that better reflect the interests of emerging economies.
World Bank joins $2.13 bln blended finance package for Indonesia
The World Bank has approved two investments totaling $2.13 billion in a blended finance package to promote economic growth and expand clean energy access in Indonesia—supporting solar and wind infrastructure.
Insight
This marks a strategic use of innovative financing, combining public funds and private capital to support Indonesia’s goal of high‑income status by 2045 and accelerate its clean energy transition.
Australian Treasurer Warns Global Economy Is a ‘Dangerous Place’
Treasurer Jim Chalmers warned that due to Middle East conflict, rising oil prices, trade snarls, and geopolitical uncertainty, the global economy is currently “pretty dangerous.” He emphasized the need for Australia to boost productivity, maintain a sustainable budget, and build economic resilience (allsides.com, bloomberg.com).
Insight
Chalmers’s warning represents a strategic pivot toward defensive economic policymaking, prioritizing fiscal sustainability and productivity growth as shields against intertwined global shocks.
