Jokowi-Prabowo meeting will help stimulate investment: Researcher

Jokowi-Prabowo meeting will help stimulate investment: Researcher

President Joko Widodo (left) talks with Gerindra Party Chairperson Prabowo Subianto (right) during a meeting at FX Senayan, Jakarta, Saturday (07/13/2019). The two contestants of the 2019 Presidential Election agreed to maintain unity in Indonesia. (ANTARA photo / Akbar Nugroho Gumay / wsj)

The reconciliation of the two central political figures in the 2019 presidential election is expected to restore investor confidence which had declined after a series of events that occurred in recent months
Jakarta (ANTARA) - The meeting between Joko Widodo and Prabowo Subianto constituted a reconciliation that has the potential to stimulate investment in the country, Pingkan Audrine Kosijungan, a Center for Indonesian Policy Studies (CIPS) researcher, has stated. "The reconciliation of the two central political figures in the 2019 presidential election is expected to restore investor confidence which had declined after a series of events that occurred in recent months," Pingkan said Tuesday.

Although there was a group of parties who regretted Prabowo's decision to meet with Jokowi, quite a few also responded positively, according to him.

One of the positive sentiments was expressed by the country's businessmen who welcomed the meeting because it provided post-election stability, he remarked.

In addition, the sentiment was witnessed on the floor of the stock exchange, where the Composite Stock Price Index (IHSG) had increased, accompanied by a strengthening of the rupiah exchange rate against the US dollar, he said.

However, there is no guarantee that this stability will continue, because the steps the elected president takes in terms of the bureaucracy and the cabinet formation could play an important role in the future, he stressed.

"The issue of the reshuffle and cabinet structure is also important to note because the president's choice will greatly influence the market response. The policy package is also important to bring Indonesia out of the trade balance deficit and infrastructure financing debt that keep on increasing," he said.

Earlier, Finance Minister Sri Mulyani assessed that the meeting between Gerindra Party Chairperson Prabowo Subianto and president-elect Joko Widodo was a manifestation of Indonesia's unity.

"The leaders who have competed have also taken steps to show the Indonesian people that we are united even though they have competed," Sri said after attending the STAN, Tangerang State Polytechnic event on Sunday, July 14.

The reconciliation by Jokowi and Prabowo could be a lesson for the public about the statehood of leaders, Sri said.

The leaders of the country, have a responsibility towards the public to assure them that the 2019 presidential election process has gone off well, he said.

"We are relieved and very happy that this is what has happened. The meeting is symbolic of the whole political process that has been conducted well and produced a result that we all respect," he said.
Related news: Gerindra clarifies no political deal made between Prabowo and Jokowi
Related news: Jokowi, Prabowo meeting reflects Indonesian unity: Sri Mulyani

   

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