Covid-19 Vaccination Key to Boost Economic Recovery, BI Says



Mahinda Arkyasa

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  • Illustration or logo of Bank Indonesia (BI). Dok. TEMPO/ Dinul Mubarok

    Illustration or logo of Bank Indonesia (BI). Dok. TEMPO/ Dinul Mubarok

    TEMPO.CO, Jakarta - Bank Indonesia (BI) deputy director for economic and monetary policy Riza Tyas Utami said on Thursday, March 25, 2021, that massive Covid-19 vaccination is the main key to help boost Indonesia's economic recovery and other aspects the country is still behind compared to other nations.

    "We can see that countries that experience growth will have a quicker economic recovery that is supported by the accelerated vaccinations, especially in developed countries," said Riza in a virtual journalists' training on March 25, 2021. 

    Riza also referred to developed countries such as the United States in which President Joe Biden immediately advancing its nationwide vaccination program to boost the economy. Riza believed that there are a number of factors that drives the United States, China, and India to accelerate their vaccination programs. 

    "The U.S. is currently ranked fourth in accelerating its vaccination program," said Riza Tyas Utami. 

    Despite the efforts by the three aforementioned countries to boost vaccine distribution, Riza said that the global economic growth has not progressed equally to that of emerging markets such as Indonesia. 

    "One of the main factors that have sparked economic growth in developed and emerging markets is the execution of the vaccination," Riza said.