Wed, 21 Apr 2010

Tampang Siring, Bali (ANTARA News) - Finance Minister Sri Mulyani Indrawati said Indonesia needs technological innovation, and competitive as well as productive data for the implementation of green economics.

"We discussed in a working group with a number of technologists, innovators and private businessmen efforts to improve competitive and productive data, as well as technological innovation in order to strengthen green economics," the finance minister told the press at the Tampak Siring presidential palace, here Tuesday.

The government would intensify synergy and partnership with research and development institutions to form an innovative development forum, Sri Mulyani said.

The Second United Indonesia Cabinet has launched a green economics program as part of part of its sustainable development plan which is pro- growth, pro-job, and pro-poor.

To support the implementation of green economics, the cabinet had drawn up programs on food resilience by implementing sustainable agriculture, sustainable forestry management, efficiency and renewable energy usage, clean technology support, waste management, efficient and low carbon transportation management and green infrastructure development.

The Working Group I meeting on economic improvement chaired by the President discussed macro economic policies, infrastructure and energy supply acceleration (including the partnership between the government and the private sector), and import and export intensification, she said.

The minister said she had invited a number of economists to discuss the current and future macro economic challenges, to make consistent macro policy, develop stability and a sustainable real sector.

"We discussed inflation, interest rates with focus on the capital flow, especially for long-term infrastructure financing," she said.

The working group also discussed with businessmen infrastructure financing and how to overcome business obstacles, she said.

"The discussion with businessmen provided views on financing matters in line with the Investment Coordinating Board (BKPM)`s need for investment funds amounting to Rp2000 trillion annually to support the seven-percent growth target, and on obstacles that need to be overcome to implement it," she said.

President Susilo Bambang Yudhoyono officially opened the national coordinating meeting at Tampak Siring Palace, here on Monday morning.

The meeting which is to last until Wednesday, April 21, 2010, is being attended by all cabinet ministers, governors, provincial legislative councils (DPRD) chairmen, state enterprises (BUMN) leaders, and state institution officials.(*)