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Queen Máxima praises Indonesia’s financial inclusion efforts
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Queen Máxima of the Netherlands speaks at the signing of a memorandum of understanding between Financial Services Authority (OJK) chairman Muliaman Hadad and the UN Development Programme's Indonesia director Christophe Bahuet during the Indonesia Fintech Festival and Conference in Serpong, Tangerang, on Aug, 30. (JP/Anton Hermansyah)
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ueen Máxima of the Netherlands has praised Indonesia's efforts in improving financial inclusion to unlock economic potential and combat poverty, as part of President Joko “Jokowi” Widodo's Nawacita nine-point development agenda.
"Many of the [Nawacita] objectives are reflected in the UN Sustainable Development Goals [SDGs] agenda adopted just a year ago. Indonesia is one of the leaders to use financial inclusion to support this agenda," she said at the Indonesia Fintech Festival and Conference held at the Indonesia Convention Exhibition (ICE) venue in Serpong, Tangerang, on Tuesday.
The Argentine-born queen attended the event in her capacity as the UN secretary-general's special advocate for inclusive finance for development. During the event, she witnessed the signing of a memorandum of understanding between the Financial Services Authority (OJK) and the UN Development Programme (UNDP) on financial literacy and inclusion.
Queen Máxima also supported the government's decision to fully digitize its social assistance programs. "More than 50 million households have saving accounts but only 16 percent of them received the [social] funds through the account," she said.
Instead of having low-income people form long queues to receive social assistance as implemented by previous administrations, Jokowi’s government distributes subsidies in the form of e-money and coupons that can be exchanged for rice at “e-warong” shops managed by the Social Affairs Ministry. (ags)
