REPUBLIKA.CO.ID, JAKARTA -- Bank Indonesia (BI) fully supports the commitment of newly installed government to put structural reform in a faster track. Central bank believes structural reform can improve investment climate in the country.

"We welcome and fully support the strong commitment of the New Administration to put the structural reforms in a faster track," Governor of BI Agus D.W. Martowardojo said during Welcome Address at a Conference on Indonesia Investment Forum hosted by The Euromoney Institutional Investor on Wednesday, November 26.

Government can bring down the micro risks in the business sector and improve investment climate. The governor said that BI was confident the investment climate would improve as a result of improving in the ease of doing business, the quality improvement of public services and governance, and enhancement of the quality of human resources both in the government and private sector.

Apart from that, BI also sees that government maritime-axis vision which progress physical connectivity, primarily marine, and its integration with land connectivity such as railway can lower the logistical cost. 

"It will lift the competitiveness of our business sector, and bring about cost efficiency across the nation," he said. The benefit will be sizeable as a lower logistical cost will narrow the price divergence of goods and services throughout the region.

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