JAKARTA - The candidate for Deputy Governor of Bank Indonesia (BI) Solikin M Juhro emphasized that the increasing uncertainty and complexity of economic challenges require all parties not to work alone.
According to him, synergy is the key to driving the transformation of the national economic structure towards higher and resilient growth.
"The synergy between the authorities, industry, and society will carry out a catalytic collaboration. A collaboration that is oriented towards the long term, inclusive interests so that policies strengthen each other and have a real impact on the economy," he explained in a meeting of Commission XI of the DPR, Friday, January 23.
He added, in the spirit of unity to realize the nation's resilience and independence, the synergy is focused on five strategic areas.
Solikin said the first was to strengthen stability and demand stimulus through strengthening the synergy of fiscal and monetary policies.
According to him, this includes the role of the Financial System Stability Committee (KSSK), in maintaining the stability of the financial system as well as the implementation of the P2SK Law.
The second is synergy in encouraging downstream processing, industrialization, and the development of the people's economy.
"High growth requires transformation of the real sector through coordinated industrial and structural policies, (to) increase labor capital and productivity," he said.
As for the third, strengthening synergy in increasing financing and deepening the financial market.
He said this effort was carried out through the coordination of KSSK, the purchase of quality bonds in the secondary market, funding facilities, to the development of securitization and the money market.
The fourth is to accelerate the development of the national digital economy and finance through strengthening infrastructure, innovation, digital government governance, cyber security, and consumer protection.
Solikin said the fifth was strengthening synergy in international investment and trade cooperation through the expansion of the use of local currency transactions and the development of cross-country digital payment systems.
He said that various policy directions and thoughts were part of efforts to strengthen the role of Bank Indonesia in maintaining stability while encouraging higher, resilient, and inclusive national economic growth.
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