Selasa 28 May 2024 23:17 WIB

Indonesia's Committed to Secure OECD Membership in Three Years

The President formed a team for accelerating Indonesia's accession as a member state

Foto: Takashi Aoyama/Pool Photo via AP

World leaders from front left to front right, Organization for Economic Cooperation and Development (OECD) Secretary General Mathias Cormann, UN Secretary General Antonio Guterres, Indian Prime Minister Narendra Modi, Indian President Joko Widodo, Japanese Prime Minister Fumio Kishida, Comoro President Azali Assoumi Mani, Cook Islands Prime Minister Mark Brown, Managing Director of the Monetary Fund International (IMF) Kristalina Georgieva, and from top left to right, International Energy Agency (IEA) Executive Director Fatih Birol, World Bank President David Malpass, Vietnamese President Prime Minister Pham Minh Chinh, South Korean President Yoon Suk Yeol, Brazilian President Luiz Inacio Lula da Silva, Australian Prime Minister Anthony Albanese and World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala pose for a photo together during the wreath-laying ceremony at Peace Memorial Park at the G7 Summit, Sunday (21/5/2023) in Hiroshima, Japan.

REPUBLIKA.CO.ID, JAKARTA -- Indonesia President Joko Widodo (Jokowi) met OECD Secretary-General Mathias Cormann at Bogor Presidential Palace on Tuesday (28/5/2024). The two discussed, one of which was Indonesia's commitment to become a full member of the organization within three years.

“Indonesia is committed to becoming an OECD member within three years. Earlier, Mr. President said that we will form a team for this and will push for this OECD accession integrated with Indonesia's medium-term development,” Coordinating Minister for Economic Affairs Airlangga Hartarto said in a press statement via the Presidential Secretariat's YouTube account, which was witnessed in Jakarta on Tuesday (28/5/2024).

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Airlangga said, the President has formed a team to accelerate Indonesia's accession as a permanent member state of the Organization for Economic Cooperation and Development (OECD).

This is in accordance with Presidential Decree (Keppres) Number 17 of 2024 on the National Team for Preparing and Accelerating Indonesia's Membership in the OECD or the OECD National Team chaired by Airlangga Hartarto, accompanied by Finance Minister Sri Mulyani Indrawati and Foreign Minister Retno Marsudi.

Indonesia's accession process to become a permanent member of the OECD, Airlangga said, will also be integrated with medium-term development.

Airlangga also compared Indonesia's achievements with other countries that are already permanent members of the OECD, namely Costa Rica with a state budget deficit of 5 percent. Meanwhile, Indonesia's state budget deficit is much lower, at below 3 percent.

In addition, Indonesia has officially become a full member of the 40th Financial Action Task Force (FATF), an international organization focused on global efforts to eradicate money laundering, terrorism financing, and funding the proliferation of weapons of mass destruction.

As for the meeting between President Jokowi and General Secretary Mathias Cormann, this is the second time. The first meeting was held in August 2023 to discuss the latest information regarding the accession process and the steps that the Indonesian government needs to take in order to become a permanent member of the OECD.

Indonesia itself has been on the OECD accession list and since 2007, Indonesia has been an OECD partner alongside Brazil, India, China and South Africa.

Secretary General Mathias Cormann is also scheduled to meet with Defence Minister as well as RI President-elect Prabowo Subianto, Speaker of the Indonesian Parliament Puan Maharani, DPR RI leadership, OECD Accession National Team, Kadin and Apindo.

“It will also open a technical workshop on the OECD accession procession of ministries and agencies,” Airlangga said.

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