As a key international forum for global economic cooperation, the G20 brings together the finance ministers and central bank governors of the world’s 20 largest economies in Finance Ministers and Central Bank Governors (FMCBG) meetings. At a time of immense global economic uncertainty and geopolitical instability, the G20 has never been more important as a forum to help address the shared challenges in our region and the global economy.

Foreign Policy Community of Indonesia– in collaboration with Bank Indonesia– is pleased to organise the first Model G20 – Finance Ministers and Central Bank Governors Meeting (Model G20 FMCBG Meeting). This event aims to provide a unique opportunity for the next generation of leaders in Indonesia with a platform to learn the value of G20 multilateralism and bring young talented Indonesians to experience how the G20 finance track tackles the most pressing global economic challenges and leading global collective actions towards strong, sustainable, balanced, and inclusive growth.

What is Model G20 FMCBG Meeting?

The Model G20 FMCBG Meeting is a simulation of the G20 Finance Ministers and Central Bank Governors Meeting, challenging young people to take on the roles of economic policymakers. Delegates will assume as one of the G20 member countries, particularly in the finance deputies and ministerial meeting sessions, while seeking to resolve pressing issues on the G20 agenda, from monetary and fiscal policies to financial inclusion. The Model G20 FMCBG Meeting allows delegates to debate, elaborate on concrete policy actions, and work together on common solutions that will be adopted into G20 FMCBG Communiqué.

PROGRAM TIMELINE

APPLICATION
8 – 31 August 2022		Apply your group and submit the essay via .

Applicants guidebook via

Application and essay submission deadline is 31 August 2022 (23:59 Jakarta time)
FMCBG 101, EXPERTS PANEL, & DELEGATES ANNOUNCEMENT
6 September 2022		All registrants will attend FMCBG 101 and experts panel on 6 September 2022. Details of the activities will be informed via email. The shortlisted 19 groups will be announced in the same day.
DELEGATES BRIEFING
7 September 2022		The participants will have a virtual briefing on 7 September 2022 regarding the required preparation– including the preparation of your allocated country assignment and position.
POSITION PAPER SUBMISSION
11 September 2022		Following the briefing, each group is required to submit a position paper according to the given guideline and country allocation. Substance is not limited to the provided material. Position paper submission deadline is 11 September 2022 (23:59 Jakarta time)
Model G20 FMCBG Meeting
15 – 16 September 2022		Simulation will be conducted hybrid on 15 – 16 September 2022.

While the delegates are required to arrange their travel by themselves during the simulation, the accommodation and conference kits are fully covered by the Model G20 FMCBG Meeting Committee. Delegates are highly encouraged to attend onsite to get full experience of the simulation. In the case that the delegations are unable to participate in person, delegates are welcomed to confirm their virtual attendance to the Committee.

ELIGIBILITY & REQUIREMENTS

Applicants that are considered eligible to apply are as follows:

  • Apply as a group consists of 2 persons;
  • One person is not allowed to apply in more than one group;
  • Being an undergraduate/graduate student, all majors are welcome to apply (proof of student ID might be required);
  • Being 17-30 years old;
  • Being an Indonesian citizen (proof of Indonesian citizenship is required);
  • Having the ability to communicate in English, both written and verbally.

To be eligible as one of the delegates, we are looking for your original perspective, concrete ideas, and high-quality writing to steer the global economy toward recovery through multilateralism, including policy responses on macro-financial stability as well as the structural role of digitalization to increase productivity and inclusivity. Essays should focus on argumentation supported by facts, evidence, and references. Application essay requirements are as follows:

  • Each group should only submit one essay;
  • Essay should cover the material provided in the applicants guidebook ();
  • A strong essay that is no longer than 1500 words;
  • The word count should appear at the end of each essay;
  • The word count includes footnotes but excludes references and bibliography;
  • The essay should be unique, i.e., not published elsewhere or submitted to other competitions.

HOW TO REGISTER

  1. The registration form can be accessed through the provided link: bit.ly/modelg20fmcbgapplication;
  2. Fill out the provided form and prepare the required analytical essays as the prerequisite of the application to the competition;
  3. As a requirement, upload a post on your preferred social media using Model G20 FMCBG Meeting official twibbon twb.nz/fpcibig20 and official hashtags. The caption should explain the most crucial agenda of the Finance Track Meeting in Indonesia’s G20 presidency in Bahasa Indonesia using hashtags #PresidensiG20_2022 and #PulihBersama;
  4. Insert the link to the social media post along with the analytical essay to the registration form;
  5. Check your email to receive the confirmation of your application;
  6. The Committee will give further announcements on the selected applicants via email.

*) Failure to submit essays and to upload a social media post will result in disqualification.

WINNER PRIZES

1 BEST GROUPCash prize of Rp. 20.000.000,00 and a chance to attend the G20 Global Partnership for Financial Inclusion (GPFI) High Level Symposium in Jogjakarta/ Surabaya* (fully accommodated)
1 BEST DELEGATE Cash prize of Rp. 5.000.000,00
1 BEST ESSAY Cash prize of Rp. 5.000.000,00
1 BEST POSITION PAPER Cash prize of Rp. 5.000.000,00

CONTACT PERSON

For any question/ inquiry regarding Model G20 FMCBG Meeting, please contact email: research-analysis@fpcindonesia.org