OJK Supports Central Java to Push Economic Growth

July 23, 2019

Republika.co.id - Bowo Pribadi - 07/23/2019 15:00 WIB

REPUBLIKA.CO.ID, SEMARANG - Central Java has great potential in driving national economic growth. Supporting adequate infrastructure and high industrial competition are the reasons.

Therefore, he explained, OJK saw that Central Java had a large enough potential to be assisted so that the potential could be optimized and able to create a domino effect for the regional economy.

"From the OJK mapping, Central Java has been supported by complete infrastructure and continues to grow, especially with the construction of the Solo-Yogya and Bawen-Yogya toll roads," said Chairman of the Financial Services Authority (OJK) Commissioner Board, Wimboh Santoso.

With high business competition in the industrial world, a relatively cool investment climate there are opportunities for multiple effects that can be created to encourage the regional economy and even the national economy.

He also saw that the line of policy carried out by the regional government was also quite supportive of these efforts. "Then we at OJK will prioritize helping Central Java, by making financial policies that are online," said Wimboh.

The former chief representative of Bank Indonesia (BI) in New York 2012 added, in compiling policies, the FSA can contribute to Central Java.

For example in terms of credit allocation, export orientation, import substitution, providing input to banks to continue to encourage business plans.

Thus, he hopes that the target of economic growth in Central Java of seven percent can be achieved even exceeding the national economic growth rate which will also be determined by the rate of economic growth in the region.

"Then the acceleration of regional development, one of which is in Central Java, will be able to contribute significantly to the acceleration of national economic growth," said Wimboh, in his statement.

Previously, in the sharing session with the Governor of Central Java, Ganjar Pranowo, also invited all members of the OJK Board of Commissioners to discuss issues related to these opportunities and challenges.

According to the governor, from this sharing session it will be seen whether the policies made by the Central Java Provincial Government (Pemprov) especially in terms of regulation, can be congruent or vice versa, even disturbing.

Even so with any sector that will be a priority. What incentives and disincentives can be done, and what financing patterns need to be done.

"I can get it from this forum, now if you want to grow to the target of seven percent, then everything must be prepared and we will reduce the details of the program," said the governor.

Ganjar also revealed, although there will be problems later, entrepreneurs will be embraced and invited to share to be handled casually. "OJK is ready to help the police in this matter," he added.