President Jokowi Promotes Indonesia’s Digital Economic Transformation to New Zealand’s CEO

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation
Date 19 Maret 2018
Category: News
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President Jokowi in a meeting with New Zealand’s CEOs at The Majestic Centre, Wellington, Monday (19/3). (Photo: Public Relations)

President Jokowi in a meeting with New Zealand’s CEOs at The Majestic Centre, Wellington, Monday (19/3). (Photo: Public Relations)

President Joko “Jokowi” Widodo said that Indonesian economy is currently being transformed.

According to the President, Indonesia’s economy has been depending on raw commodities exports for a long time, but now it is following the trend, along with the rapid development of digital economy and the increasing number of middle-class people.

“And to support that economic transformation, my Government is serious in realizing fundamental economic reforms,” the President said in a meeting with New Zealand’s CEOs at the Majestic Center, Wellington, Monday (19/3).

“As a result, based on the World Bank’s survey, Indonesia’s ranking on the Ease of Doing Business index has risen from 120th in 2014 to 72th in 2018. It happened in just four years,” President Jokowi added.

In addition, credit-rating agency Standard and Poor’s has also upgraded Indonesia’s credit outlook to Investment Grade, President Jokowi said.

“For the first time in 20 years, Indonesia once again receives Investment Grade by three global rating agencies, Standard and Poor’s, Moody’s and Fitch,” President Jokowi said, adding that Indonesia’s economic growth grew by more than 5% per year meaning that it will double every 14 years.

“Our economy is also being transformed by the presence of e-commerce and digital economy. Based on the data we have, about two to three billion dollars per year have been invested for e-commerce sector, “President Jokowi explained.

“I am looking forward to hearing from you all,” President Jokowi told the CEOs.

According to World Bank survey, New Zealand is ranked first for two consecutive years in terms of Ease of Doing Business index. Therefore, in the meeting, President Jokowi also asked the CEOs to share experiences on how New Zealand accomplishes such achievement.

“Please share (your experience) with Chairman of the Investment Coordinating Board of Indonesia Thomas Lembong because I’ve given him target that Indonesia should be in the top 40 by the end of next year,” said the President followed by laughter from audience.

Attending in the meeting were representatives from New Zealand’s leading dairy industry, agriculture and food industries, electricity infrastructure, education, housing and construction, and financial sector. (BPMI/EN) (STU/EP/Naster)

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