Through the identification of economic growth potential sources and optimization of local value chains, national and regional recovery can be acceleratedJakarta (ANTARA) - Coordinating Minister for Economic Affairs Airlangga Hartarto has asked Regional Inflation Control Teams (TPID) to encourage productive and growing economic sectors by monitoring regional economic indicators and identifying local value chains (LVC).
"Provincial TPIDs are expected to take a greater role in the coordination and construction of district-/city-level TPIDs," Hartarto said in an official statement received here on Thursday.
"Through the identification of economic growth potential sources and optimization of local value chains, national and regional recovery can be accelerated," the minister, who is also chairman of the Central Inflation Control Team (TPIP), remarked.
He also asked TPIDs to focus on inflation control efforts, which are among the economic indicators that have an impact on development achievements, either directly or indirectly.
"Recovery and progress in economic growth must be sustained by maintaining price stability," the minister added.
The effort is in accordance with President Joko Widodo's direction, he said.
The President has emphasized three vital ways in which TPIP and TPIDs can support economic recovery by maintaining supply availability and price stability, he pointed out.
TPIP and TPIDs should continue endeavors that not only focus on price stability, but are also proactive in encouraging economic sectors that have the opportunity to be more productive, he said.
The third important effort is to increase added value in the agricultural sector so that it can contribute more in driving economic growth, he added.
Hartarto said he gave the Best Performing Provincial TPID award for Sumatra Region to the Governor of North Sumatra, who is serving as chairman of the North Sumatra Provincial TPID, at a coordination meeting with the North Sumatra government and the Regional Leadership Coordination Forum.
He said the TPID presented innovative and effective programs for maintaining price stability and inflation in the region.
The effectiveness of the TPID's inflation control performance in the region has increased, which is reflected in the increasingly resilient inter-aspects of assessments supported by the rising level of reliability, he added.
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Translator: Astrid H, Kenzu T
Editor: Sri Haryati
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