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Jokowi Asks OJK to Support the Downstream Program

Economics editor Dian Kusumo
07/02/2023 15:45 WIB
President Joko Widodo asked the Financial Services Authority (OJK) to participate in supporting the downstream program.
Jokowi Asks OJK to Support the Downstream Program. (Phptp: MNC Media)
Jokowi Asks OJK to Support the Downstream Program. (Phptp: MNC Media)

IDXChannel - President Joko Widodo asked the Financial Services Authority (OJK) to participate in supporting the downstream program that is being intensively carried out by the government with concrete support. 

According to the President, downstreaming is the key so that Indonesia can jump into a developed country.

"It has been conveyed by the Chairman of the OJK regarding downstreaming so that support is given. I ask for a concrete one because 
I still hear that people who want to make it difficult to find funding. So the support is really given, but also with high calculations and caution because this downstreaming will be the key for our country to jump to become a developed country," said President Joko Widodo in his remarks while attending the 2023 Financial Services Industry Annual Meeting (PTIJK) at the Shangri-La Hotel, Jakarta, Monday, February 6, 2023.

According to the President, the government has consistently encouraged downstreaming as well as an effort so that Indonesia can get out of the trap of middle-income countries. 

Downstreaming must be carried out in various sectors, both in the mineral and coal mining sector, crude palm oil (CPO), to marine natural resources. The President believes that downstreaming provides multiple added values.

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