Amid Global Uncertainty, KSSK Says It Will Stay Alert And Improve Coordination

JAKARTA - The Financial System Stability Committee (KSSK) said it would continue to strengthen coordination and vigilance so that it could mitigate the potential impact of the global risk factors on the Indonesian economy or the domestic financial stability system.

Finance Minister Sri Mulyani Indrawati revealed that economic development and financial markets in the first quarter of 2025 will continue to be considered so that they can anticipate various challenges and risks from an external perspective.

Sri Mulyani emphasized that the Ministry of Finance (Kemenkeu), Bank Indonesia (BI), the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS) in the KSSK periodic meeting held on Tuesday, January 21, agreed to continue to strengthen vigilance and strengthen coordination of synergies between institutions.

"KSSK will continue to strengthen vigilance and improve coordination of synergies between institutions so that we are able to mitigate the potential impact of the propagation or spillover of risk factors originating externally or globally against the Indonesian economy as well as on the stability of the domestic financial system," he said at the KSSK Periodic Meeting Results Press Conference in 2025, Friday, January 24.

Sri Mulyani explained that the world economy is facing or experiencing divergences, namely different economic growth and this creates complexity and uncertainty in the financial market which is increasing.

"In the fourth quarter of 2024, the United States economy is still growing strong and even stronger while the economies of Europe and Japan are still experiencing a weakening," he said.