Sri Mulyani Wants To Imitate The Development Of The European Union Mortgage, This Is The Reason

Illustration (Photo: Doc. Antara)

Minister of Finance (Menkeu) Sri Mulyani revealed that the Indonesian government wants to take a lot of lessons from the development of housing financing in the European Union.

Sri Mulyani noted that housing loans in the Blue Continent reached 40 percent of the regional gross domestic product (GDP).

He explained that the achievement began in 2015 when the European Union launched 2020 funded energy efficient debtative (EEMI) which later became a growth catalyst.

"We want to learn how they develop this, including in the framework of policy, initiative, ecosystem, and participation from all stakeholders. We hope to also develop the same ecosystem in Indonesia," he said at the Energy Efficiency Mortgage (EEM) Development Throughout ASEAN Countries seminar, Tuesday, August 22.

Sri Mulyani revealed that Indonesia is currently developing green housing loans (KPR) or green mortgages.

He said, this sector has enormous potential and impact in the future.

"Indonesia's demographics are still relatively young and growing. This makes housing demand strong. We want to fulfill this (residential needs) without having to have a negative impact on the environment," he said.

This state treasurer, if young people, especially millennials, will determine growth.

For this reason, their awareness is very important to be able to live in a residence that is in accordance with the principle of sustainable (environmental).

"I am sure that countries in ASEAN are also ready for this purpose," closed the Minister of Finance Sri Mulyani.