Finance Minister Sri Mulyani Indrawati made the remarks at the online launch of the IsDB Group's Member Country Partnership Strategy (MCPS) for Indonesia for the period 2022–2025 in Jakarta on Tuesday.
"I hope that in this case, Indonesia will be able to continue navigating other additional challenges for our economy and now in the global economy," she said.
Indonesia has prepared strategies to address many structural problems, including the quality of human resources, infrastructure, productivity, and competitiveness, she noted.
Handling human resource issues through education, research, and innovation, as well as in terms of health is not an easy task and will take some time, she said. This would require consistency in the medium to long term.
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The second strategy the nation is focusing on is reforming the health system as the pandemic has opened up other aspects that need to be addressed in the health system, Indrawati disclosed.
"Indonesia is one of the few countries in the world that has successfully managed the pandemic, if you measure it across all indicators. However, we still need to improve our health management," she pointed out.
She further said that navigating the threat of a pandemic, which has now been followed by another threat has not been an easy task for a country as large as Indonesia.
The threat is in the form of increasing inflation due to surging food and energy prices due to geopolitical situations, and rising inflation in many developed and developing countries, which has been followed by the tightening of monetary policies, namely increasing interest rates and tightening liquidity.
"This will create an additional threat that has the potential to disrupt many economies, especially those that are already in a very fragile situation," she added.
Related news: Indonesia alert against recession potential: Indrawati
Translator: Agatha Olivia V, Resinta S
Editor: Rahmad Nasution
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