REPUBLIKA.CO.ID, JAKARTA -- Bank Indonesia (BI) will discuss the subject of "Financing for Development in the Future" at Asia's Finance International Conference being held on September 1 and 2 in Jakarta.
The conference is jointly organized by BI and the International Monetary Fund (IMF).
The Executive Director of the Communications Department of BI, Tirta Segara, said the issue is considered important because the Indonesian government is currently making investments, particularly in the infrastructure sector.
"This issue has to be discussed to understand how the financial sector will play a role in infrastructure development financing to establish investment," he said.
He also explained that long-term development will be difficult to materialize if the infrastructure is inadequate.
"If we can build infrastructure, long-term development will also increase automatically. This investment will also be able to boost manpower and ultimately reduce poverty," Segara said.
The theme of the international conference this year is, "The Global Economic Challenges and Implications for Policy Makers in Asia."
The conference will draw participation from leaders and high-ranking officials of several central banks of IMF member countries.
A number of countries have confirmed their participation, namely the Central Banks of Sri Lanka, Japan, Laos, India, and Cambodia, think tank institutions, and financial market players.
The international joint conference is being planned since last year. Indonesia was chosen to host the conference because the country was able to manage the Asian crisis of 1998 and could maintain the performance of its economy amidst global uncertainty.
The aforementioned theme was chosen considering the Asian region is facing challenges to maintain the momentum of economic growth amidst turmoil in the global financial sector.
The conference is expected to boost the infrastructure investment financing so as to support Indonesian government's priority programs.
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