Sri Mulyani Invites Bankers to Take Care of the Republic of Indonesia's Economy: Take Care of Your Bank, I Take Care of the State Budget

JAKARTA - The Minister of Finance, Sri Mulyani Indrawati, invited bankers to jointly maintain the resilience of the Indonesian economy in 2023. According to her, the banking sector is considered to have the most strategic role because of its strong dominance in the financial industry

“Up and down or healthy and unhealthy our economy is very dependent on banking. So if I take care of the state budget, please take good care of your bank", she said at the CEO Banking Forum in Jakarta, Monday, January 9.

Minister of Finance explained, in moving forward this year many lessons can be taken from 2022 ago with rising commodity prices, inflation, rising interest rates, and increasing cost of funds due to Russia-Ukraine geopolitical conditions.

In addition, the state treasurer also conveyed the IMF's prediction regarding world economic growth declining in 2023, namely only 2.7 percent. She said this prediction is an alert to the unfavorable world situation with the possibility of inflation and recession, as well as the problem of debt sustainability in various countries.

"I hope you are not someone who is caught in the face of 2023. So I also hope that you will think far ahead", she said.

Furthermore, with the world economy currently in a difficult situation, geopolitical conditions are also volatile, and there are environmental changes, climate change, and the digital economy.

"For this reason, we must increase our vigilance without being paranoid and pessimistic. Optimism can still be built with provisions for 2022 which has been closed with excellent economic growth. Don't take the wrong direction, don't take the wrong anchor", concluded the Minister of Finance, Sri Mulyani.