We deem that the integrated effort to strengthen the role of food MSMEs in the economic ecosystem accompanied with the utilization of digital technology adaptation should be expanded from upstream to downstream, including a broader market access for
Jakarta (ANTARA) - The current stability in food prices should be used to strengthen micro, small, and medium enterprises (MSMEs) in the food sector, Governor of Bank Indonesia (BI), Perry Warijyo, has said.



"We deem that the integrated effort to strengthen the role of food MSMEs in the economic ecosystem accompanied with the utilization of digital technology adaptation should be expanded from upstream to downstream, including a broader market access for food MSMEs," he added.



During the 2021 Inflation Control Coordination Meeting here on Wednesday, he affirmed BI's commitment to work with the government for national economic recovery.



This would effectively mean that all of BI's policies will be directed toward supporting growth, he said.


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In terms of MSME transformation, including food MSMEs, BI has continued to strengthen services at its central office and 46 regional offices in Indonesia, he informed.



"Along with the head of the Financial Services Authority (OJK), we will continue clustering to strengthen the economic scale, improving the capacity of financial and marketing production, and expanding funding access," Warjiyo stressed.



In addition, BI will continue to digitize the payment system so that MSMEs can enter the national digital financial economic ecosystem, support the Proud of Indonesian Products National Movement, and promote their products in other countries, he said.

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The BI Governor said he is optimistic that the food MSME transformation can boost their role in the local, national, and global supply chain through clusterization, expansion of capacity, and digitalization.



Hence, BI, along with the central and regional government, as well as strategic partners, will continue to collaborate and develop MSMEs' business model in an integrated manner from upstream to downstream, he added.



"To the point where MSMEs can penetrate and expand their export market, including boosting the role of export aggregator that has utilized digital platforms as a connector with the international market," Warjiyo remarked.


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Translator: Agatha Victoria, Fadhli R
Editor: Fardah Assegaf
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