SBY Reminds That Economic Growth Alone is Not Enough for Developing Nations

The 6th President of Indonesia, Susilo Bambang Yudhoyono (SBY), believes that high economic growth is no longer an adequate measure of development success amidst increasing global uncertainty. This is particularly critical for developing nations, which require high growth rates.

In his speech at The 2026 Asia Grassroots Forum by Amartha in Jakarta on Thursday (4/6/2026), SBY stated that the challenge for developing countries today is not merely chasing rapid economic growth, but rather the determination to build resilient, inclusive, and sustainable growth.

“Because growth alone is no longer enough. A country can record impressive economic growth, yet still face widening inequality, declining public trust, and social fragmentation,” said SBY.

The former chairman of the Democratic Party explained that current development challenges involve more than just driving economic expansion; they also require strengthening societal resilience amidst geopolitical tensions, climate change, and rapid technological advancements. SBY also emphasised the importance of expanding economic participation and ensuring that the benefits of growth are distributed equitably across society.