OJK: New funding sources needed to support economic growth
OJK Chairman Friderica Widyasari Dewi stated that Indonesia requires new funding sources to support national economic growth targets amid high construction financing needs. “Looking at economic growth targets, for example in 2027, data from Bappenas indicates Indonesia needs substantial financing to support our economic growth, approximately Rp8.6 trillion, if we are not mistaken. This cannot be supported solely by banking and other traditional sources; new funding sources must emerge,” she said at the National Conference on Regional Economic Development (KNPED) in Jakarta on Monday.
Deepening financial markets as a source of development financing is one of OJK’s priority programs to support national economic growth. Friderica highlighted alternative funding sources from capital markets, including the development of regional bonds to support local infrastructure projects. Additionally, OJK is working to enhance financial sector financing and strengthen the UMKM ecosystem and funding to support national economic growth.
OJK also promotes green economy development through carbon economic value and sustainable finance, secure and integrity-driven digital finance, strengthening the Islamic financial services sector, and improving financial literacy, inclusion, consumer protection, and sector integrity.
Friderica noted that Indonesia’s current economic growth remains below the potential rate needed for the country to become a developed nation. To achieve this goal, she said, more robust growth engines are required, including deeper and more diverse financing and strengthened public confidence. The financial services sector must play a more strategic role not only as an investment vehicle but also as a primary source of long-term financing for the national economy.
Regarding Regional Economic Development (PED) programmes, Friderica explained they aim to optimise regional economic potential sustainably, particularly in agriculture, creative economy, and tourism. The PED programme is currently active in 40 districts and cities across Indonesia. It emphasises sustainability through continuous implementation, market deepening, and tangible benefits for communities, local governments, and businesses.
Friderica stressed that cross-sector collaboration is key to transforming regional strengths into productive advantages with real impact. The PED programme is expected to generate economic effects such as increased investment, productivity, labour absorption, exports, and public welfare—primary goals for improving prosperity.
She emphasised that optimism towards Indonesia’s economy must be maintained despite global challenges, by strengthening regional economies as a key pillar of national growth. Through synergy and collaboration, she hopes regional economic strengthening will continue to drive Indonesia toward becoming a more advanced and prosperous nation.