{"id":3275,"date":"2014-05-22T10:18:55","date_gmt":"2014-05-22T10:18:55","guid":{"rendered":"http:\/\/128.199.246.214\/setkabdev\/?p=3275"},"modified":"2014-09-21T10:19:31","modified_gmt":"2014-09-21T10:19:31","slug":"president-sby-speaks-about-leveraging-growth-for-equity-at-wef-east-asia-in-manila","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/president-sby-speaks-about-leveraging-growth-for-equity-at-wef-east-asia-in-manila\/","title":{"rendered":"President SBY speaks about Leveraging Growth for Equity at WEF East Asia in Manila"},"content":{"rendered":"

\"wef\"On the 22nd<\/sup>\u00a0May 2014, President Susilo Bambang Yudhoyono and Madam Ani Yudhoyono and the Indonesian delegation, on board A-001, arrived in Manila, the Philippines to attend the World Economic Forum of East Asia and to conduct a bilateral meeting with the Philippines.\u00a0 The last WEF-East Asia Meeting was attended by the President was in Bangkok in 2012, and where Indonesia hosted the forum also in Jakarta in 2011. President Yudhoyono also attended WEF in Davos back in 2011.<\/p>\n

At the Makati Shangri-La in Manila, where the WEF-EA was being hosted this year, President Yudhoyono met with old friend Executive Chairman and Founder of WEF, Klaus Schwab and also shared the stage with President Aquino of the Philippines, Prime Minister of Vietnam, and Vice President of Myanmar.\u00a0\u00a0 Below are excerpts of his statement.<\/p>\n

<\/p>\n

\u0093First and foremost, let me congratulate President Benigno Aquino the Third for hosting this event. \u00a0The selection of the Phillippines as the host of this year\u0092s World Economic Forum for East Asia is a solid vote of confidence for this country\u0092s remarkable economic achievements.\u00a0 This is the last time I will have the honor to address this Forum as President of Indonesia — in the future, I will probably be sitting at the back of the room, and I hope Professor Schwab will be kind enough to give me good seats\u0094 SBY stated<\/p>\n

The croud laughed and clapped at the Presidents sense of humor<\/p>\n

\u0093So from the bottom of my heart, I would like to thank Professor Schwab for your solid friendship over the years and for the WEF\u0092s enormous contribution to peace and progress.\u00a0 The theme of this year\u0092s event\u00a0\u0093leveraging growth for equitable progress\u0094<\/em>, is highly relevant for our region, and for Indonesia\u0092s own development. We live in an extraordinary era.\u00a0 Asia is in the midst of a \u0091revolution\u0092.\u00a0 This revolution is quite a different kind than the explosive 20th century revolutions but equally – if not more – powerful.\u00a0\u00a0 This revolution is powerful because it has lifted hundreds of million from abject poverty.\u00a0 It has led to an explosion of the middle-class.\u00a0 It has changed the face of many cities and countryside.\u00a0 It has soared productivity and creativity, creating and spreading wealth on a scale never before seen in history.\u00a0 And it has changed the way Asians look at themselves, and in turn, the way the world looks at Asia\u0094 SBY stated.<\/p>\n

\u0093Today, Asia serves as the engine of global economic growth. Yet, despite Asia’s epic progress, this ‘revolution’ remains incomplete. According to the Asian Development Bank, approximately two-thirds, or about 800 million of the world\u0092s poor, live in Asia. Some 1.7 billion people in Asia still lacking access to sanitation. Around 680 million are without access to electricity.\u00a0 But as an optimist, I do see the glass as half full.\u00a0 I believe our generation is now\u00a0endowed with the resources and knowhow to beat age-old problems of poverty, deprivation and conflict\u0094 He stated.<\/p>\n

\u0093And within this region, as I have proposed to ASEAN, we CAN reach the goals of the ASEAN Development Agenda to double\u00a0its GDP from 2.2 trillion US dollars to some 4.4 trillion US dollarsby 2030, while also halving poverty from 18.6 percent down to 9.3 percent.\u00a0 Thus, the goal of equitable progress is within our reach.\u00a0 In my view, at the heart of inequity is the question of : social and economic mobility.\u00a0 I suppose we have to be realistic that there will always be people who are more well off than others.\u00a0 But this becomes particularly problematic if mobility applies only for the few\u0094 he added<\/p>\n

\u0093The key challenge in addressing inequity is how to ensure that those at the bottom and middle also enjoy the same – if not more – socio-economic mobility as those at the top.\u00a0 Hence, mobility for all.\u00a0 And in this way, it does not matter how many billionaires and millionaires emerge so long as those at the economic bottom also get a ladder to a better life of opportunity and progress\u0094 he continues<\/p>\n

\u0093Is this achievable ?\u00a0 I believe so\u0094 SBY called out<\/p>\n

\u0093 The best way to attain a society which ensures “mobility for all” is through education,\u00a0 the best anti-poverty weapon.\u00a0 One of the problems we faced in Indonesia was that the percentage of the poor in Universities was very small compared to the middle or upper class.\u00a0 This is why my Government launched a new innovation in our education system.\u00a0 We calibrated tuition fees at Universities, so that different students pay different fees according to their economic circumstances.\u00a0 We also abolished University tuition fees for students from poor families, and on top of that, we give them a modest living expenses\u0094<\/p>\n

\u0093Another way to promote mobility is by financial inclusion.\u00a0 Since 2007, we have disbursed 150 trillion Rupiah of micro-credit credit for the poor (about 13 billion US dollars), many without need for collateral.\u00a0 Some 11 million Indonesians have received micro credit loans, with\u00a0very low rate of non-performing at 4 percent\u0094<\/p>\n

\u0093I can attest to you that a predominant portion of the millions who received such micro credit have managed to raise their income, save a little more for their future, and changed their life for the better\u0094 SBY continued<\/p>\n

\u0093Another powerful way to promote mobility for all is through entrepreneurship, especially among the micro, small and medium enterprises.\u00a0 I particularly like the concept of entrepreneur-ship because you really do not need a University degree to become one.\u00a0 One study found that only 14 percent of our entrepreneurs have University degrees, and 17 percent have only elementary degree, and 4 percent have no formal education.\u00a0This means anybody could be entrepreneurs.\u00a0 If Indonesia can build a pool of some 3 million entrepreneurs in the next decade, and each entre-preneur hires an average of 25 workers, that will amount to some 75 million jobs, an enormous life-changer for our citizens and for our national economy\u0094 he stated.<\/p>\n

\u0093All of this is part of what we in Indonesia call a 4 – track strategy of “pro-growth, pro-poor, pro-jobs, pro-environment”.\u00a0 The overall purpose is to attain “sustainable growth with equity.\u00a0 By pursuing this strategy over the past ten years, we have been able to stimulate growth, reduce inequity, and alleviate people from poverty. The implementation of this strategy has helped create jobs, generate more economic opportunities and protect the environment\u0094 he stated<\/p>\n

With this President Yudhoyono invited captains of industries to be Indonesia\u0092s partner, especially through Masterplan that will intensify infrastructure construction in six economic corridors and have disbursed over $73 billion since 2011. Between 2015 to 2017there will be \u00a025 strategic projects(railroads, electricity, ports, telecomunications, and highways) worth $26 billion.\u00a0\u00a0 But President SBY reminded that growth alone is a panacea to development.<\/p>\n

\u0093Here, I must add that economic growth and progress are not necessarily the same thing.\u00a0\u00a0 This is why pro-poor programs have always been at the heart of Indonesia’s economic transformation, whether in the form of free health care for the poor, special funding for schools, rice package for the poor, cash transfers, and others\u0094<\/p>\n

\u0093Whatever the global ups and downs, I do believe that the intense pro-poor programs and social safety nets that we have instilled in the last decade will have made the Indonesian economy much more resilient in the face of uncertainties.\u00a0 And that,\u00a0Insya Allah<\/em>, will lift us not just towards equality for all, not just towards equal opportunity for all, but towards mobility for all\u0094 He continued.<\/p>\n

\u00a0\u0093As a final point\u0097and although I will no longer be at the helms of my country in mid October\u0097I wish to assure you that Indonesia\u0092s future will remain replete with abundant opportunities. And I am confident that you wouldn\u0092t want to miss this momentum.\u00a0 I thank you\u0094 President SBY ended.\u00a0 The participants clapped loud and Mr Klaus Schwab stood up to extend his appreciation for the Presidents speech.<\/p>\n

\n

(AOS)<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

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