Synergy between Government and Private Sector Encourages National Economic Equality

Jakarta – National economic growth and equality are one of the main indicators in assessing the success of a country’s development. In an effort to achieve sustainable growth, close cooperation between the government and the private sector is needed.

Related to this, the Head of the Central Java Bank Indonesia Representative Office, Rahmat Dwisaputra, said that strategic strengthening is needed to encourage the priority sectors of Central Java, especially as a food barn and a mainstay of the national industry

“The importance of close collaboration with local governments and stakeholders, in order to formulate policies to maintain price stability and encourage increased investment and accelerate digitalization, especially for the government segment.” Rahmat emphasized.

Rahmat explained that the strategy includes the development of a digital payment system in Central Java, strategies and strengthening stakeholder synergy to maintain stability in encouraging sustainable growth, to efforts to control inflation upstream and downstream.

“The synergy of the national policy mix needs to be improved in order to mitigate the negative impacts of global risks and improve economic performance.” he said.

In addition, the financial sector is also an example of strong synergy between the government and the private sector in supporting economic growth. Meanwhile, the banking sector and other financial institutions have a role in distributing credit to the business world, providing access to financing for MSMEs, and supporting innovation in the financial sector through the development of financial technology or fintech.

As an effort to strengthen regional economic resilience, Bank Indonesia NTT emphasized the importance of cooperation between regional governments, banks, and business actors in supporting economic digitalization.

In this forum, BI NTT emphasized the importance of using technology in payment systems and financial transactions.

“Digitizing MSMEs through QRIS (Quick Response Code Indonesian Standard) is one of the main agendas to increase financial accessibility for the community,” said Deputy Director Agus Sisty Widjajati.

BI NTT continues to encourage increased financial literacy among micro-business actors and the general public so that they can utilize financial services optimally.

“With strong synergy between the government, private sector, and the community, it is hoped that financial inclusion and digitalization can bring real benefits to all levels of society,” he said.

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