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Financial Inclusion Boosts Economic Growth: Minister

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16 August 2017 07:48 WIB

Coordinating Economic Minister Darmin Nasution. TEMPO/Richard Andika

TEMPO.CO, Jakarta - The Coordinating Minister for Economic Affairs Darmin Nasution said that the National Task Force for Inclusive Financing aims to boost economic growth, accelerate poverty eradication, as well as reduce gaps between individuals and regions. “Its work program consists of seven pillars, some are also feature in agrarian and e-commerce [policy] reforms,” he said in the inauguration of the Inclusive Financing National Council Secretariat yesterday.

Darmin said that financial inclusion had needed a dedicated place for a secretariat and technical meetings for an effective synergy. He elaborated that the Inclusive Financing National Strategy set forth in the presidential regulation No. 82/2016 brings together state ministries and agencies, including Bank Indonesia and the Financial Service Authority (OJK).

Seven working units referred to by the Minister are those overseeing financial education, property rights of indigenous peoples, intermediary facility and financial distribution channels, state financial sector services, consumer protection, regulation and financial information technology.

The government is targeting 75 percent financial inclusion among Indonesian adults by 2019.

Deputy for Macro Economy and Finance, the Coordinating Ministry for Economic Affairs, Iskandar Simorangkir said that the people will have access to financial services. “Particularly 40 percent [of Indonesians who are members of] lower-class people; their standard of living will improve,” said Iskandar, who is also the chairman of the Inclusive Financing National Council Secretariat.

ALI N.Y. | ANTARA



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