JAKARTA - The President asked for the coordination of the Financial System Stability Committee to be expanded by involving BPI Danantara. The forum, which is called "KSSK Plus", is aimed at strengthening policy coordination between economic and financial authorities.
Bank Indonesia Governor's Office Destry Damayanti said the directive was discussed in a meeting at the Presidential Palace Complex, Jakarta, Monday, July 27.
"Those invited are KSSK, then there is Danantara. The point is, in the future, how KSSK will continue to improve coordination and cooperation," said Destry.
The KSSK consists of the Ministry of Finance, Bank Indonesia, the Financial Services Authority, and the Deposit Insurance Agency. In the meeting, Danantara was also involved in discussing economic policy directions.
According to Destry, each institution has instruments and authorities that need to be coordinated. This step is necessary so that the policies taken are not taken alone.
"Each has policies that must be coordinated," he said.
Destry said the KSSK was also asked to support government policies in accordance with the duties and authorities of each institution. BI will carry out its role through monetary and macroprudential policies. OJK, LPS, and the Ministry of Finance are moving according to their respective mandates.
"Together we will support the government in accordance with the policy direction that has become the government's line," he said.
However, Destry did not explain the form of Danantara's involvement in the forum. He also did not specify whether the state investment management agency would be included in every meeting or only involved in certain discussions.
The meeting took place after Destry was appointed as the interim Governor of the BI following Perry Warjiyo's resignation. In addition to discussing the coordination of the KSSK, the government and financial authorities discussed each institution's steps in maintaining the economy.
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