The forum will be organized by Bank Mandiri in cooperation with Mandiri Sekuritas and supported by the Investment Coordinating Board (BKPM), Director of Treasury and International Banking of Bank Mandiri Panji Irawan stated here on Monday.
Irawan highlighted the significance of holding the forum to create synergy among investors, business actors, and stakeholders to enable them to seize investment opportunities that can help boost Indonesia's economic growth.
"Held for the 10th time, we are optimistic that this forum would become a platform for the government to convey policy directions that have been outlined in the national economic recovery program to investors comprehensively, so that it can raise their confidence to expand business in Indonesia," he noted during a virtual press conference.
The Indonesian economy has passed the deepest impact of COVID-19 in the second quarter of 2020 when it recorded an economic contraction of minus 5.32 percent and showed recovery in the following quarter. This trend is expected to continue this year, Irawan remarked.
He is upbeat that the Indonesian economy in 2021 would move from a survival phase to a recovery phase, with the support of several factors, including the vaccination program, Job Creation Law, and a decline in COVID-19 cases.
Irawan highlighted an increase in private investment as another supporting factor.
Related news: BI sees foreign investment reaching $19.1 billion in 2021
During the forum, several high-ranking state officials and international economists will air their views on future directions of government policies and the latest developments in the global economy and the necessary responses to be taken.
The speakers will comprise Coordinating Minister for Economic Affairs Airlangga Hartarto, Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan, Minister of Finance Sri Mulyani, Minister of Education and Culture Nadiem Makarim, Minister of Health Budi G. Sadikin, Head of BKPM Bahlil Lahadalia, Deputy Minister of State Enterprises (BUMN) Kartika Wirjoatmodjo, Executive Chairman of Neo-bank Moven and author of Bank 4.0 Brett King, and Kenneth Rogoff of Harvard University.
Research from the Office of Chief Economist at Bank Mandiri has forecast that Indonesia's economic growth in 2021 would reach 4.4 percent in 2021.
This projection is better than 2020 as it is driven by consumption growth and private investment that is expected to grow positively this year as compared to 2020 during which a contraction occurred, Chief Economist of Bank Mandiri Andry Asmoro stated.
Meanwhile, Mandiri Sekuritas Director Silva Halim noted that the series of activities under the MIF 2021 will offer comprehensive insights and information to assist investors in developing a sustainable investment strategy in Indonesia. Related news: RCEP to increase investment inflow into Indonesia: Minister Siregar
Translator: Fardah
Editor: Rahmad Nasution
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