The use of digital technology continues to be encouraged to increase access to financial services that reach the community, especially those living in rural and remote areas, including groups of low-income communities and Micro, Small, and Medium Enterprises (MSMEs). This group has a crucial role in supporting the achievement of the target of 90% national financial inclusion by 2024.
The Government remains vigilant and anticipatory, and continues strengthening domestic resilience in observing the current global economic conditions. The IMF projects global economic growth to slow from 3.4% in 2022 to 2.9% in 2023.
Despite of global challenges and deceleration of economic growth worldwide, Indonesia and ASEAN have become the regions with the highest growth and roles as one of the source of world economic growth. Moreover, Indonesia is recognized as the bright spot in the dark in the midst of global uncertainty.
To enrich experience and knowledge in the planning and implementation stages of the Transit Oriented Development (TOD) Areas in the Jabodetabek area, the Coordinating Ministry for Economic Affairs through the Deputy for Coordination of Regional Development and Spatial Planning held a mini-seminar (study session) with the title “Joint TOD Study Session for Jakarta Metropolitan Region”, in Jakarta, Monday (27/02). The study session was held with the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) Japan and the Japan International Cooperation Agency (JICA).
External sector performance has certainly contributed to realizing Indonesia's economic resilience. This can be seen from the percentage of the current account to GDP, which is at a positive value, the increase in foreign exchange reserves which reached USD 139.4 billion in January 2023, and the gradual decrease in the percentage of Indonesia's foreign debt.
The national economy shows resilience and continues to recover faster, supported by improved domestic economic fundamentals, such as increased consumption, investment, and exports. In addition, it is also supported by the great potential of digital economic growth in the last two years, one of which is motivated by the increasingly contactless behavior of society, which more often relies on e-commerce and on-demand services, such as ride-hailing, online food delivery, and online logistic.