Minister discusses financial sector at bilateral meeting with US ABC

Minister discusses financial sector at bilateral meeting with US ABC

Finance Minister Sri Mulyani (center) during a bilateral meeting with US-ASEAN Business Council (US ABC) here on Wednesday (March 29, 2023). (ANTARA/HO-Ministry of Finance/FR)

Badung, Bali (ANTARA) - Finance Minister Sri Mulyani discussed the development of the financial and digital sector in Indonesia, which is deemed to have improved, during a bilateral meeting with the US-ASEAN Business Council (US ABC).

According to the official statement issued on Thursday, various topics were raised during the meeting held on Wednesday.

These include Indonesia's financial industry development agenda, including the insurance industry and sharia finance development; sustainable finance agenda, including the carbon market and energy transition mechanism; as well as the digital finance agenda.

On the occasion, Mulyani noted that the meeting was held as part of the 1st ASEAN Finance Ministers and Central Bank Governors Meetings (AFMGM).

She then lauded the various viewpoints and inputs from the US ABC delegations as well as invited global business players to support Indonesia in the effort to improve the domestic economic performance.

When it comes to sharia economic development, the minister explained that as shown by the retail investors' interest toward state sharia bonds, the sharia economic development potential in Indonesia is quite promising.

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Moreover, it still has a wide opportunity, such as in the development of the halal industry and halal tourism sectors.

Beyond the financial industry, the minister and US ABC delegations also discussed the direction of industry sector development that became one of the current global mega trends.

This involves battery vehicle development that aligns with the direction of industry downstreaming development in Indonesia.

One of the views and inputs expressed by US ABC is that Indonesia and ASEAN member countries should cooperate in the development of electric vehicles and their components.

Moreover, US ABC encouraged Indonesia to improve its capacity in technology mastery and semiconductor industry development.

The US ABC was led by Ambassador Ted Osius during the meeting that was also attended by various global financial institutions.

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