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Monday, 24 January 2022 00:00

Indonesia Continues to Reform the Economic Structure

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Indonesian President Joko Widodo said the country has made the Covid-19 pandemic period as a period of self-improvement, by laying new foundations for stronger and sustainable growth. In addition, Indonesia also continues to reform the economic structure and improve the business climate. The Head of State conveyed this in his remarks at the World Economic Forum: State of the World Address virtually last Thursday, January 20. President Joko Widodo emphasized Indonesia has improved the investment ecosystem, facilitated licensing, provided legal certainty and special incentives for priority investment sectors.

He also said apart from the economic sector, Indonesia also continues to improve the quality of human resources through various programs, ranging from up-skilling and re-skilling, formation of polytechnics in collaboration with industry to collaboration with universities abroad.

Indonesia also continues to accelerate infrastructure development that contributes to increased investment and business climate. New sources of growth, especially the green economy will continue to be developed, among others, development of the electric vehicle industry ecosystem and the construction of the largest green industrial area in North Kalimantan.

President Joko Widodo added collaboration with the private sector will also continue to be strengthened. In addition, investment opportunities will also be opened as wide as possible for the six priority sectors, namely, export-oriented labor-intensive industries, renewable energy, infrastructure, automotive, tourism and mining. In addition, a number of development priorities have also been set by the government, including increasing food production through the development of food estates, implementing the concept of low carbon development (green recovery) and transformation to a digital economy through expansion, equity and improving the quality of digital infrastructure and services. President Joko Widodo invites stakeholders in the forum to partner with Indonesia.

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