OJK Dorong IJK dalam Pertumbuhan dan Pemerataan Ekonomi-ENGLISH.pdf
Jakarta, January 13, 2017 — The Financial Services Authority (OJK) has asked the financial services industry to contribute more to drive economic growth, boost consumer buying power and create income equality among the general public, in order to help the Government in its efforts to raise public welfare, which focus on alleviating poverty and reducing unemployment.
Chairman of OJK's Board of Commissioners, Muliaman D. Hadad, made the statement at Financial Executive Gathering 2017 held on Friday (Jan. 13) in Jakarta.
"The Financial Services Industry should be encouraged to contribute more to economic growth and income equality. To support these goals, the industry should maintain the financial system's resilience and stability, in accordance with the regulations set in place," he said.
Muliaman believed that the financial sector's higher contribution and enduring stability were keys to achieving economic development and public welfare in this year and the following years.
"We should reinforce the role of domestic economy to anticipate the sluggish global recovery. Also, distribution of growth centers should be accelerated in order to ensure more equal distribution of development outcome. On the other hand, the financial system's resilience and stability are vital to promote trust in Indonesia economy's potentials and fundamentals," he said.
To urge the financial services sector on contributing to economic equality and public welfare, the OJK has produced seven strategic initiatives to give wider financial access to local communities and MSMEs, as follows:
This year, the OJK will also initiate a financial inclusion support program to build the public's capacity in financial and business management. The program will involve the general public, including local universities.
Results from OJK's National Survey on Financial Literacy and Inclusion (SNLIK) 2016 show a trend of higher financial literacy and inclusion. National financial literacy index went up to 29.7 percent in 2016 from 21.8 percent in 2013. Meanwhile, national financial inclusion index increased to 67.8 percent last year from 59.7 percent.
Having launched the different initiatives, the OJK is optimistic that the public's financial literacy and inclusion levels will improve and achieve the Government's financial inclusion index target of 75 percent by 2019.
Meanwhile, to sustain the financial system's resilience and stability, Muliaman revealed that the OJK would issue four main policies designed to bolster integrated supervision, risk management regulations and build the capacity of national financial services industry.
In Sharia finance field, the OJK will encourage the establishment of new Sharia financial institutions or units in the capital market, namely Sharia Investment Management Units or Sharia Investment Managers. They will run separately from conventional Investment Managers and only manage Sharia Mutual Funds products.
Also this year, the OJK will urge for the founding of Jakarta International Islamic Financial Center (JI-IFC), a Sharia business and investment center in the form of Special Economic Zone (KEK). The establishment of such center represents the first step to make Indonesia become the global center of Sharia finance.
The annual meeting of financial services industry players—that is always held at the beginning of the year—took place at two venues this year. The one at the State Palace was attended by the President of the Republic of Indonesia, and the other one, at the Fairmont Hotel in Senayan, was attended by the Vice President.
At the State Palace, President Jokowi presented trophies to 11 award winners, which consisted of institutions and individuals whose contribution have supported the programs implemented by the Government and the OJK in the financial services sector.
***
For more information:
Slamet Edy Purnomo
Deputy Commissioner for Strategic Management 1B
Tel +62 21 2960 0000 Email e.purnomo@ojk.go.id www.ojk.go.id
Right Menu Subsite