– Indonesia is poised to enter a transitional phase in 2024 before embarking on a new era in the 2025-2045 national long-term development.
SINGAPORE – Indonesia is
poised to enter a transitional phase in 2024 before embarking on a new era in
the 2025-2045 national long-term development. According to the Acting Head of
the Central Statistics Agency, Amalia Adininggar Widyasanti, Indonesia’s
economic growth remains fairly stable amid the ongoing global uncertainties.
Fundamentally, Indonesia’s economy is in robust shape compared to the economic
crisis of 1998. This fundamental strength will serve as a significant asset for
accelerated progress in the upcoming period.
“We believe that amidst the
geopolitical upheavals triggered by the Ukraine-Russia conflict, followed by
the current Israel-Palestine situation, and global threats to energy and food
prices, Indonesia’s economy remains solid. The macroeconomic management, both
fiscal and monetary, is well-coordinated between the central and regional
governments. We can maintain stable growth at around five per cent,” she
stated during an investment forum themed “Investment Trends in Indonesia
2024 and Green Economic Opportunities” in Singapore on Friday (8/12).
Amalia mentioned that the vision
for Indonesia Emas 2045 will soon be enshrined in law, serving as a guide for
all stakeholders in Indonesia.
“We also need to build
ownership among the people so that this vision can be a source of pride and a
shared dream. So that when it is achieved, it will be a source of pride for all
of us. Not only for the Indonesian people but also for investors contributing
to this vision.”
To achieve this goal, Amalia
pointed out the need for an additional one per cent in Indonesia’s economic
growth.
“This one per cent means we
have to find new sources of economic growth. We will continue to promote
industrialization, and downstream will not stop. Downstreaming is not only in minerals
and mining but also in agro-based and ocean-based sectors.”
Amalia is confident that with
these new approaches to managing Indonesia’s economy, the target of six per
cent growth can be achieved.
In the same event, addressing
more than 200 forum participants, the Minister of Investment/Head of BKPM,
Bahlil Lahadalia, stated that the investment climate in Indonesia is evolving,
and Indonesia remains open to collaborating with investors from Singapore to
invest in Indonesia. Bahlil also emphasized that Indonesia does not provide
special facilities for specific countries only but is open to all investors
from various nations.
“I know that Indonesia is
facing a political year, but we are confident that politics will not disturb
the investment climate in Indonesia. The government is facilitating business
permits through the OSS Indonesia application for free,” he
expressed.
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