OJK Encourages Acceleration Of Financial Access Equity In Eastern Indonesia

Head of the Literacy Department, Financial Inclusion and OJK Communications Aman Santosa. (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) together with local governments continue to encourage the acceleration of equitable access to finance in various regions, including in Eastern Indonesia, which is expected to help improve people's welfare. Efforts to expand access to finance need to be carried out in all regions, so that economic improvement can be achieved, through real steps jointly in bringing all levels of society closer to financial products and services," said Head of the Department of Literacy, Financial Inclusion and Communications of OJK Aman Santosa in Jakarta, quoted from Antara, Saturday, July 13. OJK support for the acceleration of financial access in the area is carried out through the establishment and inauguration of the Southwest Papua Regional Financial Access Acceleration Team (TPAKD) followed by the TPAKD Coordination Meeting (Rakor) throughout the Papua region in Sorong, Thursday 11 July. TPAKD Rakor throughout Papua is expected to identify TPAKD constraints and challenges as well as the provision of financial access in the Papua region, so as to formulate effective and efficient policy recommendations in improving the economy and community welfare. Furthermore, Safe said that the existence of TPAKD has an important role in providing access to access to finance that is accessible (easy to access/reachable), flexible (not rigid), and affordable (low-cost). In addition, increasing financial literacy and consumer protection in the regions is also inseparable from the duties and functions of TPAKD existence.

The inauguration of the TPAKD of Southwest Papua Province brings the number of TPAKD throughout Indonesia to 523. The inauguration of the TPAKD is expected to be a trigger for other regions to immediately establish and inaugurate TPAKD. TPAKD is a coordination forum between agencies and relevant stakeholders to increase the acceleration of financial access in the regions in order to encourage regional economic growth and create a more prosperous society.