Economic Advances Not Only Regarding GDP Growth, BI Boss: Must Be Observational To The Environment

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

JAKARTA - Governor of Bank Indonesia (BI) Perry Warjiyo said economic progress must be maintained without destroying the planet's balance so that economic progress is expected to be carried out while preserving the environment.

"Let us change the measure of our economic progress only to growth," said Perry Warjiyo at "The 8th International Islamic Monetary Economics and Finance Conference and Call for Papers" quoted by Antara, Wednesday, October 5.

According to him, economic progress cannot only be reflected in the progress of the growth of Gross Domestic Product (GDP), but how to optimize GDP growth by preserving an environment commonly called a green economy.

That way, he continued, human welfare and economic progress can be achieved but still by maintaining balance.

"So don't destroy it, keep the balance by maintaining economic progress and achieving GDP but still preserving the green environment," he said.

In addition, Perry said, economic progress with a balance between GDP growth and nature sustainability must also be accompanied by smooth distribution.

Looking around the world, globally is currently facing irregularities, stagflation, decline in global economic growth, and very high inflation due to disruption to energy and food.

The number one person in BI explained that global energy and food are currently not distributed evenly worldwide, even as much as 20 percent of energy and food is monopolized.

Therefore, he said, it is important to make progress on GDP growth along with equitable involvement, especially in Indonesia, Asia, and several developing countries.

"We can't just always rely on market mechanisms and the role of the government for the advancement of distribution, because there are limits," said Perry Warjiyo.