Indonesia’s economic outlook, investment climate and green transition were discussed at Asia House’s Indonesia Economic Dialogue with Deputy Governor of Bank Indonesia – Dody Budi Waluyo – on 22 March.
His visit follows Indonesia’s assumption of the ASEAN chairmanship and a tumultuous few weeks for the global banking sector. Deputy Governor Waluyo – who was joined by Assistant Governor Dwi Pranoto and Indonesian Ambassador to the UK Dr Desra Percaya – shared Bank Indonesia’s policies to stabilise the Indonesian Rupiah and support Indonesia’s economic growth amid the current, volatile macroeconomic environment.
Asia House Corporate Members also heard how Bank Indonesia plans to reduce supply-side inflation, alleviate food security pressures and prepare the financial framework for the country’s energy transition.
Businesses were keen to discuss with Deputy Governor Waluyo Indonesia’s roadmap to net zero, with the Deputy Governor welcoming international businesses and banks to increase capital and capacity, and to use their connections to global markets to aid the country’s transition. Members’ questions also addressed the Just Energy Transition Partnership (JETP), the Omnibus Law, and the impact of Indonesia’s recent G20 presidency and current ASEAN chairmanship on inbound investment and capital flows.
Chaired by Asia House Director of Corporate Affairs Charlie Humphreys and held at the think tank’s London headquarters, the dialogue gave Asia House Corporate Members a unique insight into Indonesia’s economic outlook for 2023.
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