The Master Plan seeks to step up the development of prime economic sectors, speed up infrastructure development, ensure energy security, and enhance human resources in science and technology.
Los Cabos, Mexico (ANTARA News) - President Susilo Bambang Yudhoyono has informed the leaders of G20 member countries that Indonesia is making a strong push in infrastructure development, through the Master Plan for the Acceleration and Expansion of Economic Development.

"In support of these efforts, I invite your active participation in investment development through public-private partnership schemes that are readily available in the Master Plan. Your investments will unleash the power of our development programs to bring about progress for our people and generate profits for investors," the Indonesian head of state said in his keynote speech at the Business 20 (B20) forum, a part of the G20 Summit, here, on Sunday.

The Master Plan seeks to step up the development of prime economic sectors, speed up infrastructure development, ensure energy security, and enhance human resources in science and technology.

"The government has made sure that this Master Plan is developed and implemented jointly by all stakeholders, namely the central Government, the regional governments, the business communities, economists, scholars and interest groups," President Yudhoyono stated.

"We in Indonesia are great believers in the wisdom of directing excess global savings to investments in infrastructures, particularly in emerging economies," he added.

Such investments will boost demand for capital equipment and technology, including those from advanced economies, while fostering growth in the developing and emerging world.

"At the G20 Summit, I will make a strong case for multilateral development banks playing a key role in supporting these efforts. They can help by diversifying the sources of funding through greater use of credit enhancement and partial risk guarantees. Beyond mobilizing financing, they can provide recommendations to help developing countries overcome constraints, involve the private sector, and develop well-advised projects priorities," President Yudhoyono noted.

In his speech, the Indonesian head of state also expressed optimism, saying "Indonesia would prove its resilience once again should another global downturn spills its contagion upon the nation."

"Our political stability, our prudent fiscal policies and our commitment to inclusive economic growth, will serve us in good stead," he added.

According to the United Nations Conference on Trade and Development, Indonesia has been among the top 10 most attractive foreign direct investment destinations in the 2010-12 period.

"Due to the improvements in our FDI-related procedures, some rating agencies have raised Indonesia to investment grade," the President explained.

Indonesia aims to be among the top 10 largest economies in the world in the coming decades.

"I invite you to join Indonesia as our partner in this promising journey," President Yudhoyono said.(*)

Editor: Heru Purwanto
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