The Financial Services Authority (OJK) is optimistic of handling economic challenges in 2022, right from the Omicron variant to the normalization of policies from advanced nations.
While opening the stock exchange in 2022 here on Monday, OJK’s Board of Commissioners Chairman Wimboh Santoso highlighted several of these economic challenges and the priority polices that the OJK will roll out in 2022.
“The first is the existence of the new Omicron variant in several nations. This should become our concern,” he noted.
The next challenge pertains to the financing of strategic projects within the nation that would cost a significant amount of money, he remarked.
The government should contemplate on ways to finance them, especially within the infrastructure sector and approaches to create jobs.
“The third challenge is the normalization of policies by advanced nations that we should not ignore. Inflation has risen in several countries,” he pointed out.
The final challenge entails reducing carbon emissions and focusing on digitalization and economic growth sources to match the increasing population in Indonesia.
“We remain optimistic to be able to manage these challenges in future considering that we have quite a large capital, population, and resources that we have not processed entirely,” he stated.
“This gives us ample room for various things in future,” he affirmed.
To this end, the OJK will roll out several priority policies, with the first being the implementation of carbon exchange and green economy supported by the soon-to-be released green taxonomy.
The next priority is the optimization of index based on Environmental, Social, and Governance (ESG).
Moreover, the OJK will expand the issuer base, such as through asset securitization and financing strategic projects during the 2020-2024 period that reached Rp6.445 trillion.
The OJK will also accommodate technology-based startups to hold public offerings.
“We have already rolled out the POJK (Financial Service Authority Regulation) on Multiple Voting Share. The bolstering of the issuer base will also be met with literacy and education,” Santoso elaborated.
Source: Antara News