PFII Law Seen as Government's Commitment to Building Long-Term Economic Foundations
Jakarta, VIVA – Iwan Setiawan, Executive Director of Political Review (IPR), considers the enactment of the Indonesia International Financial Centre (PFII) Law to be a strategic step demonstrating the commitment of the government and the House of Representatives (DPR RI) to building a stronger national economic foundation.
According to Iwan, the PFII Law must be seen as part of the state’s strategic policy in facing global economic change while strengthening Indonesia’s position in earning the trust of the international community.
“The PFII Law demonstrates the seriousness of the government and the DPR in delivering regulation that supports the strengthening of the national financial ecosystem. This is not merely about building an institution or a district, but about how the state prepares policy instruments to face future economic challenges,” said Iwan.
He said that in the context of national development, regulatory certainty is one of the key factors in building trust among various parties towards government policy.
In his view, the existence of the PFII legal umbrella provides clearer direction for the development of Indonesia’s international financial centre while still taking national interests into account.
“Every strategic policy certainly requires a strong legal foundation. With the PFII Law in place, the government has a basis for developing a financial ecosystem that is more focused, transparent, and holds good governance standards,” he said.
Iwan regards collaboration between the government, the DPR, regulators, and stakeholders as an important factor in ensuring that the implementation of the PFII Law runs according to its objectives.
According to him, the next challenge lies not only in forming the regulation, but in how the policy can be translated consistently into practice.
“The success of a public policy is not only measured by the process of drafting the law, but also by how its implementation delivers benefits to the public and supports the national development agenda,” said Iwan.
Furthermore, Iwan hopes the PFII can become one of the instruments that strengthens confidence in Indonesia’s economic policy while supporting the government’s efforts to boost national competitiveness.
“The enactment of the PFII Law is an important step. What is needed next is consistency in implementation so that the goal of strengthening Indonesia’s position in the global economy can be achieved,” said Iwan.