Badung Regency strengthens customary-based economic ecosystem
The Badung Regency Government in Bali is committed to continuing its support for strengthening the customary-based economy, as has been carried out by hundreds of village credit institutions (LPD) in its territory.
“We are fully committed to supporting the existence of LPDs, not only in terms of capital but also through strengthening the macroeconomic ecosystem,” said Badung Regent I Wayan Adi Arnawa in his statement in Mangupura on Monday.
He said that synergy among all parties, including LPDs, is particularly important in the process of building the economic ecosystem. His administration is also continuing to improve this development, starting with the infrastructure sector.
“We believe that with infrastructure, people will be increasingly comfortable investing. As a result, the economy will grow and will have an impact on the income of the people of Badung in particular, and Bali in general,” he said.
Regent Adi Arnawa also expressed appreciation for the performance of the Badung LPD Cooperation Agency (BKS-LPD), which through the celebration of its 26th anniversary continues to build synergy in realising healthy, strong, and sustainable LPDs and sovereign customary villages.
“We hope that BKS-LPD Badung will continue to foster a sense of togetherness, become more advanced and productive, and remain steadfast in the principles of Tri Hita Karana,” he said.
The Chairman of BKS-LPD Bali Province, Nyoman Cendikiawan, added that the existence of LPDs in Badung has become a barometer at the provincial level, with many of its work programmes adopted by BKS-LPD Bali Province.
Currently, Badung Regency has 122 LPDs supported by 1,331 employees, with total assets reaching Rp11 trillion, making a significant contribution to Bali’s economy.
“The total assets of LPDs across Bali Province currently reach Rp36 trillion, and 31 percent of these total assets come from Badung LPDs. Let us together continue to maintain LPDs so that they remain relevant and thriving in order to preserve Balinese art, customs, and culture,” he added.