Bank Indonesia Strengthens Commitment To Disclosure Of Information For Improvement Of Credibility

Board of Governors of Bank Indonesia (Photo: Doc. BI)

JAKARTA – Bank Indonesia (BI) stated that it continues to be committed to realizing easy access to information services to the public through various innovations.

BI Deputy Governor Doni P. Joewono said this was in line with one of the pillars of institutional transformation at Bank Indonesia, namely strengthening the institutional policy mix to build a credible, superior performance, good governance, and transparent central banking institution.

"Open access to information will encourage public participation in realizing good governance in the formulation and implementation of good policies," he said as reported by the official website on Wednesday, April 5.

According to Doni, innovation and close synergy between institutions, it is hoped that the management of information services and the implementation of information disclosure in Indonesia will be more developed.

"This step at the same time establishes the credibility of an institution that is accountable and has integrity," he said.

Doni added that the central bank's transparency stance is in line with the enactment of the Public Information Disclosure Act (UU KIP), which became effective on May 1, 2010.

"What we are doing is part of the implementation of fulfilling the rights of citizens to know public information (right to know) guaranteed by Article 28F of the 1945 Constitution," he said.

VOI noted that Bank Indonesia routinely holds a press conference at the Board of Governors' Meeting (RDG) to provide information regarding the monetary steps taken, especially regarding setting the benchmark interest rate. This agenda is usually held in the middle of the month and has been scheduled for a full year.