BI Boss Reveals Five Strategic Steps To Face Global Economic Dynamics At SEACEN Forum

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

JAKARTA - The governors of the central bank of member countries in Southeast Asia (South East Asian Central Banks/SEACEN) agreed to strengthen regional economic resilience through closer regional collaboration amidst global uncertainty, digital transformation, and the transition to a sustainable economy.

With a large economic scale, Asia has the potential to form a more resilient and inclusive regional economic order. This spirit colored the discussion in the implementation of the 61st South East Asian Central Banks (SEACEN) Government' Conference in Bali, October 28.

This conference is a forum for exchanging ideas as part of strengthening cooperation between central banks in the region in the context of developing capacity, policy, and institutions.

Bank Indonesia (BI) Governor Perry Warjiyo said that now is the time for regional countries to act together to strengthen economic resilience.

"We are facing big challenges. Therefore, regional collaboration and strengthening institutional capacity are the keys to maintaining the sustainability and resilience of the regional economy," he said in a written statement, Wednesday, October 29.

On this occasion, Perry shared the five main steps taken by BI in responding to dynamics and challenges. First, strengthen the framework of the monetary, macroprudential and payment system policy mix in order to run integrated.

Second, strengthening systemic supervision, including deepening the money market and monitoring of non-bank financial institutions. Third, accelerate the connectivity of cross-border digital payments, both retail and wholesale.

Fourth, strengthen institutional capacity in order to maintain central bank independence while ensuring synergy with the government and the real sector. Fifth, develop human resource capacity (HR) so that they are ready to face future central bank challenges.

Then, the Deputy Governor of Bank Indonesia, Ricky P. Gozali, said that the world is currently facing the dynamics of global geoeconomics which is moving very fast, changing the direction of trade, investment, and the flow of technology.

"In this context, deepening financial integration in Asia is not just a goal, but is a strategic need to maintain stability and strengthen regional economic resilience," said Ricky.

Rangkaian pertemuan SEACEN ini menjadi awal masa transisi BI menuju keketuaan SEACEN yang akan resmi dijalankan tahun 2026 menggantikan Bank of Korea. SEACEN merupakan forum kerja sama antarbank sentral di kawasan Asia-Pasifik yang berfokus pada penguatan kapasitas kelembagaan dan riset kebijakan.

Kepemimpinan BI di SEACEN pada 2026 mencerminkan pengakuan terhadap peran aktif Indonesia dalam memperkuat kapasitas kebanksentralan di kawasan, sekaligus mendorong agar hasil riset dan pelatihan SEACEN semakin berkontribusi terhadap kebijakan di negara anggota.

This series of SEACEN meetings is the beginning of the BI transition period towards the chairmanship of SEACEN which will officially be held in 2026 to replace the Bank of Korea. SEACEN is a forum for cooperation between central banks in the Asia-Pacific region that focuses on strengthening institutional capacity and policy research.

BI's leadership at SEACEN in 2026 reflects recognition of Indonesia's active role in strengthening the capacity of central banks in the region, as well as encouraging SEACEN's research and training results to further contribute to policies in member countries.