Investment instrumental to clock 5 percent growth in 2021: President

Investment instrumental to  clock 5 percent growth in 2021: President

President Joko Widodo (Jokowi) at the opening of a working meeting of the Trade Ministry at the State Palace, Jakarta on Thusday (March 4, 2021). ANTARA/screenshot/Presidential Secretariat Youtube Channel/sh

Jakarta (ANTARA) - President Joko Widodo (Jokowi) stressed that investment was the main driving force for Indonesia's economy to record a growth of five percent in 2021.

"Within a year, we must rebound (the economic growth), from minus 2.19 percent to five percent or more, and the key is investment. Pak Bahlil (head of the Investment Coordinating Board) has the key," Jokowi stated at the Bogor Presidential Palace, Bogor, West Java, at the opening of the national working meeting of the Indonesian Young Entrepreneurs Association (HIPMI) on Friday.

The head of state spoke of having communicated nearly every day with BKPM Head Bahlil Lahadalia to stay abreast of the developments in investment realization in the country.

The government has outlined a high investment target for reviving the country's economy battered by the COVID-19 pandemic.

Moreover, Jokowi has directed Lahadalia to facilitate foreign and domestic investors to partner with local businesspersons and young entrepreneurs.

Investment plays a crucial role in expediting industrialization and development of the upstream industry in addition to ushering in economic transformation in Indonesia in order to rank among the top five economies in the world.

"Be careful. This is a big challenge since Indonesia's economy is large. Some 270 million people constitute Indonesia's domestic market. This is a big domestic market," Jokowi pointed out. Related news: President upbeat economic policies will benefit businesses
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