Perry Warjiyo's Strategy To Lead BI In The Second Period, These 7 Things Will Be Focused

Governor of Bank Indonesia Perry Warjiyo (Photo: Doc. Antara)

YOGYAKARTA Commission IX of the Indonesian House of Representatives held a fit and proper test for the candidate for Governor of Bank Indonesia (BI) for the 2023-2028 period, namely Perry Warjiyo. Perry, who currently serves as Governor of BI, was proposed by President Joko Widodo as Governor of BI for the second time. So, what is Perry Warjiyo's strategy to lead BI in the second term?

In the fit and proper test which was held today, Monday, March 20, 2023, Perry said he had seven strategies to lead BI for the second time over the next five years.

First, what Perry wants to do is strengthen policies and institutions for the implementation of the Law on the Development and Strengthening of the financial sector (PPSK).

"The key to guarding the economy in the future is of course how we all nationally synergize to strengthen the resilience and economic revival this year, next year and also in the next five years," said Perry, quoted from Antara.

Perry's second strategy is to strengthen the policy mix. Perry said, to support the resilience of Indonesia's economic recovery and revival in the future, strengthening coordination is needed as well as future steps through five responses to the national economic policy mix.

The five responses include strengthening fiscal and monetary coordination, accelerating the transformation of the financial sector, including the implementation of the Financial Sector Development and Strengthening Law (UU P2SK), accelerating the transformation of the real sector including downstreaming and economic and green inclusion, digitalization of the economy and finance, as well as green economy and finance.

"This is a national economic policy mix that of course we need to continue to strengthen both between Bank Indonesia, Ministry of Finance, Financial Services Authority (OJK), Deposit Insurance Corporation (LPS) with of course support from Commission XI," Perry said.

Through this strategy, the prospect of Indonesia's economic prospects for 2023-2024 will continue to recover and revive with economic growth in 2023 predicted to be in the range of 4.5-5.3 percent.

In fact, continued Perry, the Indonesian economy may grow 5.1 percent even 5.2 percent with the opening of China's economy.

"Next year it could be 4.7-5.5 percent higher driven by consumption, exports, investments and also various improvement steps in MSMEs (micro, small and medium enterprises) as well as in the real sector," he said.

Third, accelerate the digitization of payment systems for the integration of the digital financial economy ecosystem.

"We continue to digitize through standardization of payment system services through QRIS, fast payment, local currency transaction and open API national standards as one language and payment system services," said Perry.

Perry said, the acceleration of payment system digitization for the integration of the digital economy and finance ecosystem (EKD) and digital rupiah supports sustainable economic growth.

The fourth strategy, Perry will deepen the money market and develop sustainable finance in a green and sustainable finance manner.

Fifth, synergize to make policies with the government and strategic partners downstream. Including for the financial economy and inclusive ones.

Sixth, strengthening synergy policies with the government and other strategic partners for international economic and financial cooperation.

The seventh strategy, Perry Warjiyo will carry out institutional transformation to strengthen the central bank so that it is more professional and has good governance and upholds accountability.

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