Briefing with Indonesia’s Minister for National Development and Central Bank Governor

In April 2019, Indonesia’s President Joko ‘Jokowi’ Widodo secured a second five-year term to consolidate the country’s economic reform process, after a first term of large scale infrastructure development and economic growth. International businesses are eager to get involved with the government’s 2045 Indonesia Vision Plan, which positions Indonesia to become the world’s fifth largest economy. To achieve this, the administration has put together a list of ambitious goals, including aiming for US$412 billion worth of infrastructure projects between 2020-2024 and increasing the manufacturing sector’s share of GDP from 20 per cent (today) to 25 per cent by 2025.

In this off-the-record briefing, Indonesia’s Minister for National Development, Bambang Brodjonegoro and Governor of Bank Indonesia Perry Warijyo, will brief Asia House Corporate Members on Indonesia’s development prospects during Jokowi’s new term, against the backdrop of current global uncertainties.

Before being appointed Minister for National Development in July 2016, Minister Bambang was Minister for Finance (October 2014-July 2016) under President Jokowi, and Deputy Minister for Finance under his predecessor, President Susilo Bambang Yudhoyono (October 2013-October 2014). He is also one of Indonesia’s leading economists and a Professor of Economics at the University of Indonesia. He has held Commissioner roles for a number of state-owned companies, such as PT Pertamina (oil), PT Aneka Tambang (mining) and PT PLN (electricity).

Governor Perry Warjiyo took office in May last year, after holding the position of Deputy Governor from 2013 to 2018. Other than a stint as Executive Director of the International Monetary Fund representing 13 member countries in the Southeast Asia voting group from 2007 to 2009, Perry has had a long career in Bank Indonesia since 1984, including in economic research, monetary policy and management of foreign reserves and external debts.

This briefing is held exclusively for Asia House Corporate Members. For more information, please contact aini.abdullah@asiahouse.co.uk.