Jokowi Calls Domestic Politics Stable To Relieve Financial Services Industry Players

President Jokowi (photo: Doc. Setkab)

President Joko Widodo (Jokowi) hopes that entrepreneurs will not take a wait and see attitude because the implementation of the 2024 general election is safe and peaceful so that foreign capital flows can enter the country.

Jokowi understands that many business actors are waiting and seeing because they are worried about the possibility of heated politics ahead of the 2024 General Election.

"But thank God the election went smoothly and people flocked to the TPS cheerfully," said Jokowi at the 2024 Financial Services Industry Annual Meeting in Jakarta, Tuesday, February 20, 2024.

Jokowi hopes that foreign capital flows will soon enter and investment after the election can move further and better. But he is also aware that the current global geopolitical conditions are still less conducive and the war is still ongoing in Ukraine and Gaza.

"But the most important thing is that our domestic politics is stable and of course this is a relief for financial service industry players and generating the financial industry to be stronger to support inclusive and sustainable economic growth," he said.

In addition, Jokowi is also happy with the improving performance of the financial services industry where banking capital reaches 27.69 percent above countries in the region, bank credit also grows double digits at 10.38 percent above pre-pandemic levels.

"Indonesia's economy is also growing very well, namely 5.05 percent. In addition, inflation is also controlled at 2.57 percent, foreign exchange reserves reach 145 million US dollars, and the trade balance is a surplus of IDR 570 trillion. Our current account deficit is also a surplus at 0.16 percent," he said.

Jokowi said these figures made the Indonesian economy more optimistic in 2024. However, he also emphasized that he must remain careful and vigilant in dealing with the global economy.