Prepare Mitigation Facing Global Uncertainty: President Jokowi

President Jokowi accompanied by Vice President Jusuf Kalla attend Limited Meeting at the Presidential Office, Jakarta, Tuesday (15/5 (Photo: PR/Jay)

Presiden Joko “Jokowi” Widodo said, compared to other countries, Indonesia is still better in facing global, economic, and financial uncertainty caused by the United States’ monetary policy normalization.

“We are still better in those areas as well as in other external factors, such as oil prices, US-China potential trade war, and international geopolitics situations,” the President said in his introductory remarks at the Limited Meeting on Macro Policy and Fiscal Policy Meeting (KEM PPKF) of 2019, at the Presidential Office, Jakarta, Tuesday (5/15).

However, President Jokowi reminded to always look out for any risks, especially global economic uncertainty and global financial volatility.

“We also need to prepare mitigation of global uncertainty, as well as to anticipate the movement toward new balance of global economy,” the President continued.

President Jokowi also reminded to stay focused on maintaining security stability, so that the Government’s work to improve welfare, reduce poverty, and create jobs can be accelerated.

Earlier in the introductory remarks, President Jokowi requested that national economic growth in the first quarter of 2018 that reached 5.06 percent can be further increased, by maintaining purchasing power, increasing investment, and improving export competitiveness.

Specifically for export, President Jokowi stressed that various obstacles in licensing, banking, financing— including tax and customs, should be immediately eliminated, in central as well as regional governments.

“We need to do it now and expect to see the result soon,” President Jokowi concluded.

The Limited Meeting was attended by Coordinating Minister for Political, Legal, and Security Affairs Wiranto, Coordinating Minister for the Economy Darmin Nasution, Coordinating Minister for Human Development and Culture Puan Maharani, Minister of State Secretary Pratikno, Cabinet Secretary Pramono Anung, Presidential Chief of Staff Moeldoko, Minister of Defense Ryamizard Ryacudu, Minister of Foreign Affairs Retno Marsudi, Minister of Law and Human Rights Yasonna M Laoly, Minister of Finance Sri Mulyani, Head of National Development Planning Agency (Bappenas) Bambang Brodjonegoro, Minister of State-Owned Enterprises Rini Soemarno, Minister of Industry Airlangga Hartarto, Minister of Trade Enggartiasto Lukita, Minister of Manpower Hanif Dhakiri, Minister of Public Works and Public Housing Basuki Hadimuljono, and Minister of Cooperatives and SME Anak Agung Gede Ngurah Puspayoga. (RSF / MAY / ES) (STU/MMB/Naster)