REPUBLIKA.CO.ID, JAKARTA -- The Indonesian Chamber of Commerce and Industry (Kadin) assessed that acceleration of economic development in the eastern region of Indonesia should be encouraged with adequate funding.

Acceleration of development in the region cannot depend solely on the state budgets (APBN) and local budgets (APBD). It must involve the private sector.

Head of Investment, Banking, Finance, and Business Development of Kadin in East Region Maspaitella Reza said, development in eastern Indonesia could be accelerated if there was the role of national private, foreign and state enterprises and local enterprises to invest directly.

One specific step is to create an international economic cooperation in a bilateral context with the countries that have the ability to support the implementation of economic development. Kadin Indonesia has established the legal framework of economic cooperation with each partner country governments, such as Japan, South Korea, China, Australia, UK, and the Netherlands.

"Next, there will be also groups of businessmen from each country in the form of Private Participation Group on East Indonesia Region," Reza said in Jakarta, on Wednesday, May 13.

Reza said employers who were members of the group would become a partner of the provincial governments and Kadin of eastern Indonesia. Later, they will be involved in every stage of planning and program development, as well as business projects in accordance with the plan of the acceleration of program development in eastern Indonesia.

"The implementation of this cooperation will be conducted through a pattern of public-private partnership investment and private-private partnership," said Reza.

According to Reza, the first priority will be given to the development of energy, transport infrastructure, and the development of marine and fisheries sector. In addition, Kadin also sets seven priorities including acceleration the development of the sector, the development of infrastructure facilities, fishery, agriculture and farming, tourism, development of education and health, as well as the processing industry.

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