Global Forum on Transparency and Exchange of Information for Tax Purposes

Asia Initiative



Asia Initiative - Quote Minister Indrawati

The Asia Initiative is focused on setting tailored solutions to ensure the implementation of tax transparency standards across Asia.

On 17 November 2021, Indonesia’s Minister of Finance Sri Mulyani Indrawati and the President of the Asian Development Bank (ADB), Masatsugu Asakawa, both firmly supported the launch of an Asia Initiative on tax transparency and called jurisdictions in the region to join this important milestone to support post-pandemic recovery efforts.

On 14 July 2022, ministers from 13 Asian jurisdictions endorsed the Bali Declaration (Asia Initiative Declaration) as a call to enhance the use of tax transparency for sustainable domestic resource mobilisation in the region. The signing ceremony was held on the margin of the third G20 Finance Ministers and Central Bank Governors' meeting in Bali, Indonesia.

Asia Initiative Declaration signing ceremony


» Bali Declaration (Asia Initiative Declaration)

» Third meeting of the Asia Initiative - Statement of outcomes (November 2022)

» Second meeting of the Asia Initiative - Statement of outcomes (September 2022)

» First meeting of the Asia Initiative - Statement of outcomes (February 2022)

» Asia Initiative: Sustaining the recovery through enhanced tax transparency (brochure, November 2021)

» G20 Presidency of Indonesia [website]


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