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Jakarta Post

Jokowi praises blended financing in pursuit of SDGs in ASEAN

  • News Desk

    The Jakarta Post

Jakarta   /   Fri, October 12, 2018   /   12:37 pm
Jokowi praises blended financing in pursuit of SDGs in ASEAN President Joko “Jokowi” Widodo shakes hands with Singaporean Prime Minister Lee Hsien Loong after delivering a joint press conference at the ASEAN Leaders Gathering at Sofitel Nusa Dua, Bali on Oct. 11. (Antara/Puspa Perwitasari)

President Joko “Jokowi” Widodo raised the topic of blended finance at the ASEAN Leaders Gathering in Bali on Thursday as part of the effort to pursue the sustainable development goals (SDGs).

“Indonesia encourages innovative sources of financing like blended finance,” said Jokowi said during a joint statement with Singaporean Prime Minister Lee Hsien Loong in Nusa Dua, Bali, on Thursday.

Blended finance is a financing scheme that mixes commercial financing and funds from philanthropic sources.

To pursue the SDGs, a collection of global goals set by the United Nations General Assembly to be achieved by 2030, Jokowi stressed the need for global cooperation.

“I want to emphases here that the SDGs cannot be achieved by each country in isolation. The SDGs should be achieved through global leadership and shared responsibility,” he said.

Speaking about Indonesia's achievement of the SDGs, Jokowi revealed that the country's poverty rate had been reduced  to 9.8 percent in 2018, while access to clean water had increased to 76.74 percent, the provision of healthcare services though the National Health Insurance (JKN) had reached 77.78 percent and the child stunting rate had decreased to 28.6 percent.

Meanwhile, he said ASEAN countries had performed well in pursuing the SDGs, as indicated by the fast economic growth among the group's members.

“Amid the various challenges posed by the global economy, the economy of ASEAN has grown above average,” he said, adding that in the last 15 years, the poverty rate in ASEAN had decreased by 68 percent. (bbn)