VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

President Joko Widodo (Jokowi) said that the COVID-19 vaccination program, the implementation of the Job Creation Act, the agreement to reduce import duties on Indonesian export products to the United States, and the establishment of the Indonesia Investment Authority would be factors driving accelerated domestic economic recovery in 2021.

With a number of factors driving the economic recovery, President Jokowi, during his presentation of the Indonesian Economic Outlook in Jakarta, Tuesday, said he was optimistic that Indonesia would soon revive and the economy would recover.

"In a pandemic situation like this, we must be able to move quickly, be able to strengthen cooperation and synergy. I am optimistic that we will rise, our economy will return to normal, "said the President, delivering his speech virtually.

The president said the COVID-19 vaccination program, which will start in early 2021, will increase public confidence regarding the recovery process from the COVID-19 pandemic. That way, the public will regain a sense of security and will increase household consumption.

The president also believes that the flow of investment will be heavier due to the implementation of the Job Creation Law. Until the end of 2020, the export performance had improved.

Moreover, in 2021, export performance will also increase again, among others due to the implementation of import duty relief for Indonesian exports to the US after the extension of Generalized System Preferences cooperation.

The President also explained that Indonesia will have an investment manager or Indonesia Investment Authority that works like a Sovereign Wealth Fund.

This institution will manage sources of development financing based on equity or equity, not loans.

"This will nourish our economy, our BUMNs, especially in the infrastructure sector and in the energy sector," he said.

Currently, said the Head of State, several countries have expressed their interest in cooperating with Indonesian investment management institutions, including the United States, Japan, United Arab Emirates, Saudi Arabia, and Canada.

The Head of State promised that good policy in 2020 will be continued in 2021, especially policies in the health sector for handling COVID-19, and also policies for social protection assistance for the people. (antaranews)