He said that those who still think that global economic problems can only be resolved through the World Bank, the International Monetary Fund (IMF) and the Asian Development Bank (ADB) are clinging to "obsolete ideas".
"The idea that the world’s economic problems can be solved only through the World Bank, the IMF and the ADB is obsolete and must be abandoned.There needs to be change. It's imperative that we build a new international economic order that is open to new emerging economic powers," Widodo said.
He also called for the early reform of the world's economic architecture in order "to avoid the domination of certain groups of countries."
Separately, Widodo voiced his support for the reform of the United Nations, so that it can finally be turned into a "world body that puts justice for all of us before anything else."
The Jakarta gathering marks the 60th anniversary of the Bandung Conference, which contributed significantly to the Non-Aligned Movement.