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China's initiative seeks to boost developing nations' influence in global institutions like the IMF and World Bank, promoting a more equitable, multipolar world order.
China's Global Governance Initiative aims to create a more equitable international order by empowering developing nations like Indonesia with greater influence in global institutions, challenging existing power imbalances in organizations such as the IMF and World Bank.
The initiative promotes a multipolar world based on mutual respect, shared problem-solving, and inclusive globalization, aligning with China’s broader vision of a community with a shared future and its 15th Five-Year Plan goals.
Indonesia, as a key strategic partner and advocate of Bandung Conference principles, may benefit from enhanced participation in shaping global governance, fostering solidarity among Global South nations and advancing reforms to address systemic inequities.
La iniciativa de China busca impulsar la influencia de las naciones en desarrollo en las instituciones globales como el FMI y el Banco Mundial, promoviendo un orden mundial más equitativo y multipolar.