Coordinating Minister for Economic Affairs Airlangga Hartarto expressed belief that with a balanced geopolitical position and agile foreign policy, Indonesia’s economy was strong in facing various global economic challenges.
“Indonesia is in a strong position to face political and economic challenges resulting from the pandemic, supply chain disruption, and the Russia-Ukraine conflict,” Hartarto stated at the USINDO Gala Dinner, as quoted from an official statement on Thursday.
The minister also drew attention to the release of the International Monetary Fund (IMF) World Economic Outlook in October 2022 that maintains Indonesia’s economic growth forecast at 5.3 percent for 2022 and at around five percent in 2023.
“The value of trade surplus is estimated to reach $60 billion in 2022, which shows a significant increase as compared to the surplus of $22 billion in 2011,” he added.
The minister remarked that Indonesia was attractive to global investors, as it was part of a stable region, also included in the regional and global value chains, had a large market, offered high-quality investment projects, and was consistent with sustainable development goals.
Currently, Indonesia has several new and ongoing projects that can meet the Sustainable Development Goals (SDGs) targets, which cover strategic issues, such as clean energy, gender equality, information technology, public health, and food security.
The government also recognizes the important contribution of the Public and Private Sector Partnership in pursuing investment commitments in sustainable projects.
“By hosting the G20 Summit in November in Bali, Indonesia has shown its leadership to gain a global position that can benefit both developing and developed countries. Indonesia will also resume its international leadership by taking on the ASEAN Chair in 2023,” the minister elaborated.
USINDO Co-Chair Robert Blake emphasized that Indonesia has strong economic indicators with increasing exports, a relatively low inflation rate, a steadily improving stock market situation, and has the second-highest FDI growth in the ASEAN.
“United States private companies are currently waiting for further news from the Indonesian government to be able to conduct business expansion in Indonesia,” Blake added.
Source: Antara News