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The recently launched Bali Climate Financing Platform introduces a new model for translating road maps into implementation and if successful, it could be emulated in other provinces to safeguard regional economies toward building climate resilience.
The government has launched a drive to increase productivity as Indonesia’s labor productivity remains among the lowest in Southeast Asia, threatening long-term growth. Experts warn that red tape, weak incentives and regional disparities undermine the competitiveness of local companies.
Raden Siliwanti, an expert staffer at the National Development Planning Ministry/National Development Planning Agency (Bappenas), has said the total investment needed for the next five years of 2025-2029 amounts to Rp 47,587.3 trillion (US$2.9 trillion).
Bappenas has drawn up two possible scenarios for the country to achieve incoming president Prabowo's plan to reach GDP growth of 8 percent, an entire percentage point higher than Jokowi's unattained target of 7 percent.
Indonesia has taken the global lead in presenting the climate narrative of developing nations in its white paper on just transition, which also serves as a reference framework for its peer countries in navigating their way toward equitable development and prosperity.
Achieving high-income status requires prioritizing the primary potential sources of Indonesia’s economic growth, such as the blue economy, manufacturing and city development, and relentlessly absorbing new technologies and basic science.
