In remarks at the JP Morgan Alumni Senior Meeting in Jakarta, Indonesia's Deputy Finance Minister Suahasil Nazara said investor confidence in Indonesia depends primarily on policy credibility and consistent communication. He said the government needs to explain not only the technical design of policies but also their objectives and rationale, so investors can understand the policy direction even when economic conditions are changing. Nazara described credibility as critical to navigating shocks ranging from the Covid-19 pandemic to ongoing geopolitical and international economic pressures. He said the financial sector is fundamentally built on trust, which requires consistency between announced policies and their implementation. He also pointed to the resilience of Indonesia's economy and said the country has no shortage of attractive, high-return investment projects, but converting that potential into realised investment will require a better investment climate, especially stronger legal certainty and trust.

Original source Back to tracker