Bank Indonesia Committed to Helping the Government Realize an Inclusive and Green National Economy

Photo: Doc. Antara

JAKARTA - Bank Indonesia (BI) is committed to helping the government realize inclusive and green national economic growth as one of the agency's policies.

"Our policies not only cover the monetary system, maintaining the stability of the payment system and maintaining the stability of the rupiah, but also play a role in helping inclusive and green economic growth," said BI Deputy Governor Aida S Budiman at the inauguration of the Head of the Central Sulawesi Bank Indonesia Representative Office (KPwBI), in Palu, quoted from Antara, Wednesday, July 24.

She explained that in order to carry out this task, her party routinely holds monthly Board of Governors meetings to maintain national economic growth.

According to BI, in the first quarter of 2024, Indonesia's economic growth was good with a presentation of 5.11 percent, the latest supporting indicators are in accordance with the authority's projections at 4.7 to 5.5 percent.

"Inflation is also good at 2.5 plus minus 1 percent, this figure is within the target even though it is projected that at the end of the year national inflation will be more or less at the midpoint, but still within the target," she said.

She said that the achievement of economic growth and domestic inflation stability cannot be separated from the role of all stakeholders, both at the central and regional levels.

On the other hand, she said, externally the country's foreign exchange reserves are 120.2 billion US dollars, this figure is sufficient for six months of imports and the market average is sufficient for the next three months.

"Then financial stability is also very well maintained in terms of liquidity, banking resilience, including credit, this is the direction of the Board of Governors to the leaders of KPwBI in 46 regions to help the government maintain economic stability," said Aida.

She added that BI's policy also instructed each head of PKwBI in the regions to carry out three priority things, namely formulating and implementing the regional economy, then carrying out supervision of the payment system and specifically helping to develop Micro, Small and Medium Enterprises (MSMEs).

"PKwBI leaders are directed by the Board of Governors to become economic advisors in regional governments (Pemda), we hope this collaboration can be implemented well so that regional economic resilience is increasingly solid," said Aida.