Bank Indonesia Chief Advocates for Enhanced Synergy in National Economic Development

Key Areas for Economic Growth Identified

Bank Indonesia Governor Perry Warjiyo emphasized the critical need for strengthened synergy across multiple stakeholders to drive Indonesia's economic growth during the 2025 PTBI annual meeting. Addressing President Prabowo Subianto and other dignitaries, Warjiyo outlined five strategic areas requiring enhanced collaboration: stabilization and demand stimulation, industrialization and people's economy development, financial market deepening through improved financing mechanisms, accelerating the national digital economy, and strengthening international trade and investment cooperation.

Soemitornomics Framework

Warjiyo presented these initiatives under the conceptual framework of 'Soemitornomics', an economic philosophy developed by the late Prof. Sumitro Djojohadikusumo - father of current President Prabowo Subianto. This economic framework emphasizes the importance of industrialization, national self-reliance, and strategic government intervention in driving sustainable economic development. The governor highlighted that this approach remains highly relevant to Indonesia's current economic challenges and opportunities.

Policy Coordination and Implementation

The BI chief particularly emphasized the importance of coordinated fiscal and monetary policies in maintaining economic stability. He noted that recent policy measures, including government bond issuance, secondary market SBN purchases by BI, and strategic foreign exchange management through DHE SDA, have been crucial in supporting economic stability. Furthermore, Warjiyo highlighted the role of the Financial System Stability Committee (KSSK) in maintaining financial system stability while implementing the new Financial Sector Development Law (UU P2SK).

Key Initiatives and Expected Outcomes

1. Stabilization efforts through coordinated monetary and fiscal policies
2. Industrial development focusing on downstreaming and value addition
3. Financial deepening through improved financing access
4. Digital economy acceleration through fintech and digital infrastructure
5. International cooperation to attract strategic investments

These comprehensive initiatives aim to create a more resilient and dynamic Indonesian economy, building on the principles laid out in the Soemitornomics framework.