VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Chairman of the National Committee of IMF-WB 2018 annual meeting, Susiwijono Moegiarso said that in the future financial technology or fintech will boost the world digital economy including in Indonesia. Therefore, fintech development will specifically be discussed during the IMF-WB meeting in Nusa Dua, Bali on October 8th to 13th 2018. To the media Susiwijono stated that IMF-WB has analyzed and made 12 principles or element about fintech. It was formulated based on the agenda of member countries that have influence the financial cycle, stability and integrity.  

“There will be an agreement of the fintech development principles in the future. So we ask OJK and all related ministries to involve deeper. Yesterday we have discussed it and it already delivered to the IMF-WB. So all countries have given their suggestions. So the final product consists of 12 elements of Bali fintech agenda that have been agreed. This will be approved and released in Bali to become Bali Fintech Agenda so the whole world will be take it as a reference to develop fintech in the future,” said Susiwijono Moegiarso.

Susiwijono further said that the twelve elements do not include business development but it will be arranged on the regulation, and 189 countries that gathered have agreed for the big principles. Bali Fintech Agenda is only a side meeting that was initiated by Indonesia. Indonesian President Joko Widodo is scheduled to be a keynote speaker on the meeting that will be held on Thursday October 11th 2018. Afterward will be a panel discussion with the managing director of IMF Christine Lagarde, President of World Bank Jim Yong Kim, Indonesian Finance Minister Sri Mulyani and several; other delegations. (VOI/REZHA/Trans : NK/AHM)