Soon, we will establish the Bali Development Fund to support Bali's economic transformation using non-government funds.
Badung, Bali (ANTARA) - Bali's Kerthi economic transformation road map, which was launched in 2021, has been implemented well and has become one of the government's top programs, the National Development Planning Ministry/Agency (Bappenas) has said.

"(The program) is currently being implemented. The road map is to transform the Indonesian economy," Deputy for Economic Affairs at Bappenas Amalia Adininggar Widyasanti said here on Monday.

After the National Long-Term Development Plan (RPJPN) 2025–2045 conference in Badung district, Bali, Widyasanti said that Bali's economic transformation is inseparable from national economic transformation.

Although the Kerthi road map is well-prepared, she advised that its implementation be consistent and strict, as the timeline aligns with the national transformation road map of RPJPN 2045.

"Soon, we will establish the Bali Development Fund to support Bali's economic transformation using non-government funds," she said.

According to her, stakeholders must not only rely on state funds but also other funds for supporting the island's economic transformation.

Two examples of Bali's economic transformation are the Sanur Special Economic Zone (SEZ) and the Kura-Kura SEZ.

"The Sanur SEZ, which is specified for medical tourism, did not exist before, so this is a form transformation, and the Kura-Kura SEZ is for tourism and creative economy," she informed.

She said the establishment of special economic zones is aimed at diversifying Bali's economy so that the province does not only rely on tourism.

According to her, the Kerthi Bali road map outlines strategies and plans for short, medium, and long-term economic recovery post the pandemic by prioritizing the use of local resources and strengthening sectors outside tourism.

Currently, Bappenas is discussing the RPJPN 2025–2045, a national agenda for development for the next 20 years.

"One of the issues is related to the economy because we have to exit the middle-income trap. We have to be a high-income country, hence, it needs inclusive economic transformation and growth that is equitable so there is no inequality between regions," Widyasanti explained.

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Translator: Muliantari, Kenzu
Editor: Azis Kurmala
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