Coordinating Minister Airlangga: Pandemic Conditions Brighten RI's Digital Economy Prospects

2022 Indonesian Digital Financial Economy Festival (FEKDI) in Bali (Photo: Doc. BI)

JAKARTA - Coordinating Minister for the Economy Airlangga Hartarto stated that the current pandemic condition is not only pressure but also an opportunity to be able to develop the economy to a new level.

"The COVID-19 pandemic on the other hand has created bright prospects for Indonesia's digital economic and financial potential," he said while speaking on behalf of President Joko Widodo at the 2022 Indonesian Digital Financial Economy Festival (FEKDI) in Bali, Monday, July 11.

According to Airlangga, in 2021, the value of digital trade in the country will reach IDR 401 trillion. This number was formed in line with increasing expectations and preferences for online shopping and supported by the expansion of digital payment systems and the acceleration of digital banking.

He believes that by 2025, Indonesia's digital economy potential is estimated to reach around IDR 2,050 trillion. This figure is projected to increase to IDR 4,531 trillion in 2030.

“Indonesia is also the most popular digital investment destination in Southeast Asia. We represent 40 percent of digitalization in the ASEAN region supported by efforts to improve a conducive business climate," he said.

Airlangga added that the government is currently optimizing digitalization opportunities through the implementation of digital economic and financial policy synergies.

In addition, efforts are also made to strengthen cooperation and connectivity at the regional and global scope in various sectors, including the trade and payments sector in Southeast Asia.

"Digitalization of the digital economy and finance continues to be accelerated with improvements and has pushed the achievement of national financial inclusion," concluded Coordinating Minister Airlangga.