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Indonesia calls stronger governance as risks become normal
ID🏛️ PoliticsCenter7 hr. ago

Indonesia calls stronger governance as risks become normal

Indonesia's government acknowledged the growing impact of global uncertainties, describing them as the 'new normal' and emphasizing the need for strengthened governance, financial reforms, and international cooperation to ensure economic resilience. Deputy for State-Owned Enterprises Ferry Irawan highlighted geopolitical tensions, financial market volatility, and supply chain disruptions as major risks, citing U.S.-Iran tensions as potential factors affecting global commodity prices and Indonesia's open economy. He noted that despite these challenges, Indonesia's economic fundamentals remain strong, supported by projections from the International Monetary Fund and the Asian Development Bank forecasting 5% and 5.2% GDP growth for 2026. The government outlined several key reforms aimed at enhancing financial stability, including expanding local currency transactions, improving financial literacy, and promoting digital transformation and green economy initiatives. Additionally, Indonesia is pursuing expanded economic partnerships through international forums like the OECD, BRICS, ASEAN, and the Indo-Pacific Economic Framework.

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Antara News logoAntara NewsState / PublicCenter7 hr. ago
Indonesia calls stronger governance as risks become normal

Indonesia's government acknowledged the growing impact of global uncertainties, describing them as the 'new normal' and emphasizing the need for strengthened governance, financial reforms, and international cooperation to ensure economic resilience. Deputy for State-Owned Enterprises Ferry Irawan highlighted geopolitical tensions, financial market volatility, and supply chain disruptions as major risks, citing U.S.-Iran tensions as potential factors affecting global commodity prices and Indonesia's open economy. He noted that despite these challenges, Indonesia's economic fundamentals remain strong, supported by projections from the International Monetary Fund and the Asian Development Bank forecasting 5% and 5.2% GDP growth for 2026. The government outlined several key reforms aimed at enhancing financial stability, including expanding local currency transactions, improving financial literacy, and promoting digital transformation and green economy initiatives. Additionally, Indonesia is pursuing expanded economic partnerships through international forums like the OECD, BRICS, ASEAN, and the Indo-Pacific Economic Framework.

Bias read (Center): The article presents a balanced overview of Indonesia's economic strategy in response to global uncertainties without overtly favoring any particular political ideology. It reports on government statements and policy directions without introducing ideological slant or partisan framing. The focus is

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