INDUSTRY.co.id - Jakarta, the Government continues to strengthen a measurable, disciplined, and long-term-oriented development financing strategy to maintain the sustainability of national development amidst the uncertain dynamics of the global economy.
This commitment was confirmed by the Minister of Finance, Purbaya Yudhi Sadewa, during a working visit to China. One of the main agenda of the visit was the bilateral meeting with Menteri Keuangan Republik Rakyat Tiongkok (RRT), Lan Fo 'an, in Beijing, Wednesday (6/17).
The meeting was part of the government's efforts to expand access to development financing, strengthen the investor base, as well as deepen economic relations with strategic partner countries.
"Indonesia is not waiting. We are moving early by building a strong and sustainable financing foundation so that development can continue amid various global challenges," said the Minister of Finance.
During the meeting, the Minister of Finance emphasized that Indonesia has a solid position to establish mutually beneficial strategic cooperation with various international partners.
This strength is supported by national economic fundamentals that are maintained, ranging from a controlled government debt ratio, budget deficits that are at safe limits, to economic growth that remains resilient.
“We came to Beijing not because of pressure, but because Indonesia has a strong position to build mutually beneficial cooperation. When the economic foundation is strong, we have the space to act more strategically and more confidently," said Purbaya.
In the midst of global economic volatility, the government considers that the level of investor confidence in Indonesia is still well maintained. The high interest in government financial instruments and macroeconomic stability that continues to be maintained are strong indicators of the credibility of national economic policies.
“Market trust is not built overnight. It is the result of fiscal discipline, consistent reform, and policy credibility that the government continues to maintain. Therefore, Indonesia remains an attractive investment destination in the region," he said.
In addition to discussing the strengthening of financing cooperation, the two countries also emphasized the importance of strengthening Indonesia-China economic relations which have continued to develop.
The government hopes that the synergy can be further enhanced, both through bilateral cooperation and in various international forums such as the G20 Finance Track, APEC Finance Ministers’ Process, and ASEAN+3.
In a series of visits to Beijing, the Minister of Finance also prepares the issuance of sovereign Panda Bonds. The instrument is seen as strategic to diversify government funding sources, expand the investor base, and strengthen economic and financial relations between Indonesia and China.
The issuance of sovereign Panda Bonds is also expected to support the use of local currencies in bilateral transactions or Local Currency Transaction (LCT), while encouraging the deepening of cooperation between the two countries' financial sectors.
Not only that, the Minister of Finance is scheduled to hold meetings with the People's Bank of China (PBOC), Shanghai Cooperation Organization (SCO) Development Bank, and Asian Infrastructure Investment Bank (AIIB). The meeting was aimed at expanding the network of strategic partnerships and opening up wider financing cooperation opportunities.
Through these proactive measures, the government is optimistic that it can strengthen Indonesia's position in managing sustainable development financing, expand access to global funding sources, and maintain national economic resilience to face challenges in the future.
"When some parties choose to wait for certainty, Indonesia chooses to prepare for the future. That is the reason we continue to move, build trust, and strengthen the economic foundation of the nation," concluded the Minister of Finance of Purbaya.
