REPUBLIKA.CO.ID, KUPANG -- Head of Central Bank of Indonesia in East Nusa Tenggara Region Representative, Agus Sistyo Widjajati said that the El Nino phenomenon could hamper economic growth in the island-based province.

“The spring season with the potential of El Nino cyclones can decrease crop productivity and fishery production in NTT,” Agus said in Kupang on Tuesday (16/1/2024).

This is related to the prediction of BI Representative of the NTT Region for the economic growth of NTT in 2024 which is projected to rise in the range of 2.74 to 3.53 percent cumulative per cumulative (ctc). An El Nino that impacts the decrease in rainfall needs to be watched out for because it will impact food stocks and will lead to inflation in NTT.

The Department of Agriculture and Food Security of NTT itself assures that there will be crop failures in 2024 if the implementation of cropping is not shifted. Now farmers are invited to start planting during January to February 2024. This is different from previous years because the planting process begins in October each year.

In addition to El Nino, some of the things that could be a hindrance to economic growth in NTT are the potential increase in fuel oil prices (fuel) production reduction policies by OPEC countries amid global uncertainty. In addition, the escalation of conflicts in the Middle East involving Israel could potentially drive up global oil and commodity prices. In addition, the increase in the price of strategic food commodities is due to supply disruptions that have the potential to affect people's purchasing power.

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