Jakarta (ANTARA) - Governor of Bank Indonesia (BI) Perry Warjiyo appealed to the youth or millennials to invest to support domestic development.

To involve the millennial generation in investment, the government has facilitated and prepared various investment instruments that are considered the most suitable for the millennial generation.

"Now, you can invest in various products at affordable prices," Warjiyo stated at the Leading Indonesian Financial Literacy (LIKE IT) event here on Monday.

"We provide financial market infrastructure, with Bank Indonesia doing digitization, using QRIS, BI-FAST, using SNAP, and this can even be done between countries. We have prepared all the infrastructure," he further noted.

Warjiyo explained that to attract young investors, they will focus on the 3P + I concept, including Product, Pricing, Participant, and Infrastructure.

The government will increase investment products that are attractive to young people. Meanwhile, BI will continue to adjust the price of investment instruments, so that it is in accordance with the income of young investors.

In addition, BI will continue to focus on increasing participants from young people to contribute to developing the country through investment.

The government will also continue to improve infrastructure to make it easier for the millennial generation to invest.

Warjiyo stated that the millennial generation can still enjoy life that he calls "You Only Live Once," or YOLO. However, these young people must still make financial plans for the future.

"You can YOLO, but it must be based on planning," he stated.

One of the plans that Warjiyo recommends is through investment.

However, before starting to invest, Warjiyo advises the younger generation to study the mechanism by tracing their income, dividing it according to needs, and setting aside their income to invest.

Through the LIKE IT event held annually, Warjiyo is optimistic that it could provide insights and benefits for the millennial generation to start investing.

LIKE IT is a program created by BI, the Ministry of Finance, the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS) to expand financial literacy by segmenting young people.

The program is intended to provide education about financial planning and investment.

The LIKE IT event is divided into several segments with various topics. Warjiyo noted that there were several speakers from various backgrounds that could provide insights on financial planning.

Related news: Payment digitalization response to AI disruption: BI
Related news: BI commits to strengthening policies to help MSMEs develop
Related news: BI Governor: Consistency, innovation, synergy key to MSMEs' advances

Translator: Bayu Saputra, Katriana
Editor: Azis Kurmala
Copyright © ANTARA 2023