{"id":309411,"date":"2024-11-29T08:15:54","date_gmt":"2024-11-29T01:15:54","guid":{"rendered":"https:\/\/setkab.go.id\/?p=309411"},"modified":"2024-12-06T12:56:13","modified_gmt":"2024-12-06T05:56:13","slug":"remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/","title":{"rendered":"Remarks of President of the Republic of Indonesia at Bank Indonesia Annual Meeting, Bank Indonesia Office Compound, Jakarta Province, November 29, 2024"},"content":{"rendered":"<p style=\"text-align: justify;\"><em><span lang=\"EN-US\">Bismillahirrahmanirrahim.\u00a0<\/span><\/em><\/p>\n<p style=\"text-align: justify;\"><em><span lang=\"EN-US\">Assalamu\u2019alaikum warahmatullahi wabarakatuh.<br \/>\n<\/span><\/em><span lang=\"EN-US\">Good Evening,<br \/>\n<i>Syalom,<br \/>\nOm Swastiastu,<\/i><br \/>\n<em>Namo Buddhaya<\/em>,<br \/>\n<i>Rahayu, rahayu.<\/i><\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Distinguished guests, <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Chairperson of the People&#8217;s Consultative Assembly of the Republic of Indonesia (MPR RI), Mr. Ahmad Muzani; <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Chairperson of the Regional House of Representatives of the Republic of Indonesia (DPD RI), Mr. Sultan Najamudin; <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Chairperson of the Supreme Court of the Republic of Indonesia, Prof. Dr. Sunarto; <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Coordinating Ministers, Ministers, Chairperson of the National Economic Council, Vice Ministers of the Red and White Cabinet;<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Governor of Bank Indonesia, Mr. Perry Warjiyo, and the entire Bank Indonesia team; <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Governors and officials of provincial governments; <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Financial industry players, stakeholders in economic sector, and distinguished guests; <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Your Excellency Ambassadors from friendly countries. I see our good brother from the United Arab Emirates. I just came from Abu Dhabi. Thank you very much.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Ladies and gentlemen, <\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">Thank you for the invitation. I was invited at short notice, but we must always be ready for such moments. It is a great honor for me to speak at this Annual Meeting of Bank Indonesia. I am very pleased, and very happy, with the theme: &#8220;Synergy to Strengthen National Stability and Transformation.&#8221; I think the theme is very timely.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">For the Commander of the Indonesian National Defense Forces (TNI), I apologize for my informal attire. I look like a banker. Is the National Police Chief present? When the TNI Commander and the Chief of Police are present, I feel safe.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Ladies and gentlemen, <\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">I am truly delighted with the theme. It is indeed the key to the rise of a nation: synergy, collaboration, cooperation, unity, and harmony. This is the formula for the success of a nation; this is what we learn from history. Only countries where the elites can live in harmony and unity, and cooperate, will rise. So I think, with such a theme, there is no need for me to give much further guidance, because you are on the right track.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">If the Governor of Bank Indonesia and those who manage Indonesia\u2019s banking sector have this spirit, it means they have a deep love for the country. When there is an awareness of synergy, and an understanding that stability will enable the transformation of a nation, it means we are in a strong position. Why? Because our nation, Indonesia, has been granted a great blessing, continuous and extraordinary blessings.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">I have just returned from a long and intensive trip, a 16-day trip. I attended the APEC Summit and met with economic leaders from the Asia-Pacific region, as well as many other invited guests from different regions. I also attended the G20 Summit. Many other countries were also present aside from the G20 nations. I met with World Bank leaders and leaders from other economic blocs.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">Almost everyone points out that Indonesia is in a highly advantageous position. In terms of resources, we possess nearly all the elements needed for a developed nation: minerals, crops, marine resources, everything necessary for Indonesia to become a developed country. It is almost a consensus among economists and geopolitical experts worldwide that by 2045, Indonesia will become a developed nation. In fact, we are projected to become the world\u2019s 4<sup>th<\/sup>, 5<sup>th<\/sup>, or 7<sup>th <\/sup>largest economy.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">We understand our wealth, we are aware of it, but many of us do not realize the impact and significance of our ownership of critical resources and minerals required for high-tech industries.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">To that end, the banking industry players, especially those responsible for public policy and regulation, have a very important role. And for this, I thank the Governor of Bank Indonesia, the Bank Indonesia team, the financial authorities, and all decision-makers responsible for formulating and managing Indonesia\u2019s economy, including my ministers, coordinating ministers, and leaders from the past. We are in this position today because of the successes of those who came before us.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Ladies and gentlemen, <\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">Wherever I travel, Indonesia is well respected. I truly enjoy this recognition, which is the result of the efforts of previous governments. Even though I have been in office for less than a month when I attended the summits, I have earned respect\u2014not because of Prabowo, but because of Indonesia. In the economic forums, why was Indonesia well respected? Because Indonesia\u2019s economy is considered to be performing excellently.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">So, ladies and gentlemen, this is serious. I feel that now, countries from Latin America, Africa, and others are all requesting to come to Indonesia. In January, the President of Angola will visit us. In February, the President of the Democratic Republic of Congo, Felix Tshisekedi, Mr. Luhut\u2019s friend, will visit us. The leaders of Tanzania and others whom I met in Brazil are also eager to visit. What\u2019s my point? My point is, we must be grateful that our economic management is recognized as prudent, wise, orderly, and safe.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Ladies and gentlemen, <\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">We should be proud of our country, a developing nation that has come a long way. With the fourth-largest population in the world, a vast territory with diverse ethnicities, religions, and a lot of issues, we have managed to bring our nation to this point. We have a low inflation rate, and we record growth above the world average. I am proud because, wherever I travel, since I served as Minister of Defense, we are well respected. Why? Because, despite being a large and developing country, we are known for never defaulting. Many countries like us have defaulted multiple times, sometimes up to 10 or 13 times. Even countries with advanced industries and technology have inflation rates above 60%.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">Economic instability in many countries has made us aware of our situation. This is not a moment for euphoria or complacency; rather, we must be more cautious. Indonesia is in a good position when the global geopolitical situation is quite delicate and full of uncertainty. If we look at recent developments, we see rising tensions in Ukraine, although many observers believe that with the new US President-elect, there could be good breakthroughs. In the Middle East, the ceasefire in Lebanon is a step in a more favorable situation. We hope there will also be breakthroughs in Gaza.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">This uncertain situation requires us to remain vigilant and cautious. I am grateful that the overall atmosphere in Indonesia is calm and conducive. We have just completed regional elections in provinces and cities across Indonesia\u2014thankfully, they went smoothly and peacefully. I thank all those who have worked hard to ensure this. It shows a maturity, a process of growing up in our society, nation, and politics. Political changes, changes in local leadership, have become a normal part of life. We can change leaders peacefully through the ballot box.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">Although we may not be fully satisfied and some areas still need to be improved, I believe this is a process of maturing. The winner should act with humility, and the loser should support the winner for the sake of all Indonesians.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">Let me convey this message to the financial community: you play an important role, managing the people\u2019s money. We must protect the people\u2019s money, be wise and responsible, because it represents the blood and sweat of millions of hardworking Indonesians.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">And here, in the capital, in this place, we are the recipients of a mandate. We in the political sphere hold a political mandate, while you in the financial institutions hold the economic mandate. You manage the wealth of the Indonesian people, and you have been entrusted with that. This responsibility is on your shoulders. Your task is not easy.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Ladies and gentlemen, <\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">Finance is a very vital part of a nation&#8217;s sovereignty and independence. I recall a political leader once saying, \u201cIf you want to destroy a nation, destroy its currency.\u201d Thus, Governor of Bank Indonesia, Minister of Finance, Head of the Financial Services Authority (OJK), all of you in the financial sector, your task and responsibility are pivotal. In military terms, you might be the four-star generals in this arena. The sovereignty and independence of Indonesia are in your hands. I remember this, and it is something we must always be vigilant about.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Ladies and gentlemen, <\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">Our fundamentals are strong. Our resources are abundant, our wealth is vast. However, the problem for resource-rich nations is that their elites sometimes become complacent, which is referred to as \u201cthe curse of a resource-rich nation.\u201d When a nation\u2019s elites become complacent, resources can be mismanaged and lost. With complacency and unawareness, unnecessary leaks may occur.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Ladies and gentlemen, <\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">That is my general remarks that I conveyed. The Governor of Bank Indonesia, all the Bank Indonesia officials, the ministers in the economic sector, the financial authorities\u2014they carry heavy responsibilities. The fate of hundreds of millions of people lies in your policies and decisions.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">So, once again, thank you for your efforts. We should be grateful, even with all our disappointments, shortcomings, and unmet hopes. We are in this position today, and we must be more disciplined, more vigilant. We will address the shortcomings, and we must strive to create a clean government because everywhere in the world, a clean government guarantees prosperity. A clean government, an efficient government, will ensure that we continue to manage the nation&#8217;s wealth responsibly.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">You are the front-liners. On behalf of the Government of Indonesia, I thank all financial sector stakeholders. You should maintain the trust of the people, do your utmost, and think for the advancement of Indonesia in the future.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">I intentionally avoided going into too much detail in my remarks, even though I was provided with many specific notes. I believe you are more familiar with those issues. What I am sharing with you today are the broader points, the major milestones, and the aspirations of the people. I am sharing the general situation we face.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">I believe that you will uphold that trust. I believe, in your hearts, all of you\u2014the economic commanders\u2014you carry the spirit of the Red and White. I trust that spirit of patriotism is in your hearts. Let us work together in synergy, synergy across all sectors with all your expertise. We must work as one, and we must work together, and we will succeed. I believe that we will achieve our goals and our dreams. We can do it, and we will do it.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">I also believe that, after just one month of leading this cabinet, we are working as an incredible team. It&#8217;s going very well. We are like a football team, everyone is playing their part. In fact, it has been said that in our current cabinet, there is no such thing as a day off, we always do our work.<\/span><\/p>\n<p style=\"text-align: justify; text-justify: inter-ideograph;\"><span lang=\"EN-US\">That concludes my remarks. Keep up the good work for the nation and the people of Indonesia. Believe in yourself. Do your best.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">Let\u2019s move forward! <\/span><\/p>\n<p style=\"text-align: justify;\"><i><span lang=\"EN-US\">Merdeka<\/span><\/i><span lang=\"EN-US\">!<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-US\">I thank you,<br \/>\n<em>Wassalamu\u2019alaikum warahmatullahi wabarakatuh<\/em>,<br \/>\n<i>Syalom<\/i>,<br \/>\n<em>Om Shanti Shanti Om,<br \/>\nNamo Buddhaya.<\/em><\/span><\/p>\n<p style=\"text-align: justify;\"><em><b><span lang=\"EN-US\" style=\"font-style: normal;\">(RI\/MUR)<\/span><\/b><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bismillahirrahmanirrahim.\u00a0 Assalamu\u2019alaikum warahmatullahi wabarakatuh. Good Evening, Syalom, Om Swastiastu, Namo Buddhaya, Rahayu, rahayu. Distinguished guests, Chairperson of the People&#8217;s Consultative Assembly of the Republic of Indonesia (MPR RI), Mr. Ahmad Muzani; Chairperson of the Regional House of Representatives of the Republic of Indonesia (DPD RI), Mr. Sultan Najamudin; Chairperson of the Supreme Court of the [&hellip;]<\/p>\n","protected":false},"author":71,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1919,89],"tags":[],"class_list":["post-309411","post","type-post","status-publish","format-standard","hentry","category-remarks","category-speech-transcript"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Remarks of President of the Republic of Indonesia at Bank Indonesia Annual Meeting, Bank Indonesia Office Compound, Jakarta Province, November 29, 2024 - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remarks of President of the Republic of Indonesia at Bank Indonesia Annual Meeting, Bank Indonesia Office Compound, Jakarta Province, November 29, 2024 - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"Bismillahirrahmanirrahim.\u00a0 Assalamu\u2019alaikum warahmatullahi wabarakatuh. Good Evening, Syalom, Om Swastiastu, Namo Buddhaya, Rahayu, rahayu. Distinguished guests, Chairperson of the People&#8217;s Consultative Assembly of the Republic of Indonesia (MPR RI), Mr. Ahmad Muzani; Chairperson of the Regional House of Representatives of the Republic of Indonesia (DPD RI), Mr. Sultan Najamudin; Chairperson of the Supreme Court of the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/id-id.facebook.com\/Setkabgoid\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-29T01:15:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-06T05:56:13+00:00\" \/>\n<meta name=\"author\" content=\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@setkabgoid\" \/>\n<meta name=\"twitter:site\" content=\"@setkabgoid\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/\"},\"author\":{\"name\":\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation\",\"@id\":\"https:\/\/setkab.go.id\/#\/schema\/person\/431da12ed664f30466c27936cde28e24\"},\"headline\":\"Remarks of President of the Republic of Indonesia at Bank Indonesia Annual Meeting, Bank Indonesia Office Compound, Jakarta Province, November 29, 2024\",\"datePublished\":\"2024-11-29T01:15:54+00:00\",\"dateModified\":\"2024-12-06T05:56:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/\"},\"wordCount\":1839,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/setkab.go.id\/#organization\"},\"articleSection\":[\"Remarks @en\",\"Speech Transcript\"],\"inLanguage\":\"ENH\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/\",\"url\":\"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/\",\"name\":\"Remarks of President of the Republic of Indonesia at Bank Indonesia Annual Meeting, Bank Indonesia Office Compound, Jakarta Province, November 29, 2024 - 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Good Evening, Syalom, Om Swastiastu, Namo Buddhaya, Rahayu, rahayu. Distinguished guests, Chairperson of the People&#8217;s Consultative Assembly of the Republic of Indonesia (MPR RI), Mr. Ahmad Muzani; Chairperson of the Regional House of Representatives of the Republic of Indonesia (DPD RI), Mr. Sultan Najamudin; Chairperson of the Supreme Court of the [&hellip;]","og_url":"https:\/\/setkab.go.id\/en\/remarks-of-president-of-the-republic-of-indonesia-at-bank-indonesia-annual-meeting-bank-indonesia-office-compound-jakarta-province-november-29-2024\/","og_site_name":"Sekretariat Kabinet Republik Indonesia","article_publisher":"https:\/\/id-id.facebook.com\/Setkabgoid","article_published_time":"2024-11-29T01:15:54+00:00","article_modified_time":"2024-12-06T05:56:13+00:00","author":"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation","twitter_card":"summary_large_image","twitter_creator":"@setkabgoid","twitter_site":"@setkabgoid","twitter_misc":{"Written by":"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; 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