From VUCA to TUNA, Solikin Juhro Shares the Road Map to Face Global Uncertainty

JAKARTA - Commission XI of the Indonesian House of Representatives officially started a series of fit and proper tests (fit and proper test) for candidates for Deputy Governor of the Bank Indonesia (BI).

Meanwhile, Solikin M. Juhro became the first candidate to follow the process and currently, he serves as the Head of the Macroprudential Policy Department of Bank Indonesia.

In his presentation, Solikin explained that the current global economic and geopolitical dynamics are filled with uncertainties that have become the new norm.

He said that while the world was previously in the VUCA (Volatility, Uncertainty, Complexity, Ambiguity) era, it has now shifted to the TUNA (Turbulence, Uncertainty, Novelty, Ambiguity) era,

According to him, where the turmoil is getting stronger, uncertainty continues, and various innovations emerge, especially due to the acceleration of digitization.

"So volatility has become turbulence and also it is not only complex but there are novelties in the digital era with novelty getting higher. So from VUCA to TUNA," he explained.

He added that entering 2026, the global economic landscape is still overshadowed by a high level of uncertainty.

Solikin said that prolonged geopolitical tensions have held the world's economic growth at a moderate level, while global financial market volatility remains high.

According to him, this condition has the potential to affect the achievement of Indonesia's dream of becoming a developed country.

"Of course we need to navigate these ideals so that they can be achieved in harmony and of course through the vision presented here is to strengthen synergy, encourage higher economic growth, survive and also inclusive. This vision is not just about maintaining the growth rate in the midst of global pressure, but also confirms that the quality of growth is the key," he said.

He emphasized that this was in line with Bank Indonesia's mandate to maintain the stability of the rupiah value, the payment system, and the stability of the financial system.

According to him, the vision is articulated into three main missions, namely dynamic stability, high economic growth, and inclusive economy.

"These three missions are basically in line with the spirit of Sumitronomics, namely building economic strength from within, strengthening the structural foundation and ensuring that every policy is based on the welfare of the masses," he said.

To translate these three missions into concrete and measurable steps, Solikin proposed eight policy strategies that are integrated into one large framework abbreviated as "Watermelon".

Solikin explained that the term "Watermelon" is an acronym for eight policy focuses, namely macroeconomic and financial stability, Islamic economy and pesantren, innovative macroprudential, acceleration of structural reforms, navigation of food price stabilization, movement of MSMEs and creative economy, reliability of digitalization of payment systems, and joint action synergy and collaboration.

He added that all of these strategies are designed to reinforce each other and not stand alone, with synergy as the key to success.

"It doesn't stand alone but reinforces each other. We chose watermelon because almost every meeting we encounter watermelon, so this watermelon is green outside, red inside, and has seeds as a source of sustainability," he said.