Ministry Of Trade: Foreign Exchange Export Results Play A Role As A Mobilizer Of Economic Growth

Illustration. (Photo: Doc. Antara)

Head of the Trade Policy Agency of the Ministry of Trade (Kemendag) Kasan said that foreign exchange export results played a role as a driver of Indonesia's economic growth to realize the goal of becoming a developed country in 2045.

"Actually, we believe that this will be one of the driving sectors towards Indonesia's ideals of becoming a developed country in 2045, 100 years of independence," Kasan said at the Gambir Trade Talk #10 event entitled "Utilizing Foreign Exchange Export Results as an Instrument for National Economic Growth", quoted from Antara, Wednesday, June 21.

Kasan said that to become a developed country, one of the indicators is per capita income.

"His dream is to become a developed country, now to become a developed country, one of the indicators is in the economic sector, namely per capita income," he said.

To become a developed country, said Kasan, Indonesia's per capita income must be achieved at least US$23,000. Currently, Indonesia's per capita income is only around US$4,000.

"As far as I know, the per capita income is wrong, from the draft prepared by friends at Bappenas, of course, under the coordination of the Coordinating Ministry for Economic Affairs, the minimum per capita income that must be achieved as far as I know is 23,000 US dollars, from now on the position is around 4.000 US dollars, it means how much should be 6 times," he said.

He also revealed that foreign exchange export results until May 2023 were still in surplus at 16 billion US dollars.

EVP Marketing and Lifestyle Business Division Head of Bank OCBC NISP Amir Widjaya said OCBC NISP always applies the principle of prudence in disbursing credit to keep the level of default or Non Performing Loan (NPL) low.

"The current facts and data we see that the foreign exchange of export results until May is still in a surplus, the difference is around 16 billion US dollars," said Kasan.

In addition, he said, if you reflect on the economic history of developed countries, it will take more than 100 years after independence to become a developed country.

"If you look at various developed countries that have 100 years of independence, is it also a developed country? As far as I know in its history the economies of developed countries feel more than 100 years. It's just that the developments that occurred at that time with now are a little different, so the speed may be a bit different," said Kasan.