To Paris, OJK Builds Cooperation With OECD To Strengthen Sustainable Finance

OJK leadership when visiting the OECD office in Paris (Photo: OJK Doc)

JAKARTA - The Financial Services Authority (OJK) is said to be building cooperation with the global Organization for Economic Co-Operation and Development (OECD) to encourage the development of sustainable finance in Indonesia.

Chairman of the OJK Board of Commissioners, Wimboh Santoso, said that this synergy was bound by the authorities in the form of a Memorandum of Understanding between OJK and the OECD. "The cooperation between the OJK and the OECD is important because in the future the OECD will be the spearhead in the development of sustainable finance, increasing financial inclusion and accelerating the application of blended finance in the world," he said in an official statement on Friday, May 27.

According to Wimboh, the regulation of market conduct will also play an important role in the development of the financial services sector as well as complement the prudential regulatory framework.

For information, Wimboh led the OJK delegation at a meeting with the Sustainable Finance Team, Financial Inclusion Team, Corporate Governance Team, and Blended Finance Team which was held at the OECD Headquarters, Paris, on 19-20 May 2022.

"OJK will continue to increase cooperation with the OECD, especially in the development of sustainable finance and blended finance as well as increasing financial inclusion in Indonesia. One of them is the placement of OJK employees in order to formulate an energy transition strategy with the OECD," concluded OJK Chairman Wimboh Santoso.