NewsPost-Pandemic Economic Recovery; Attracting Investment through Structural Reform", an Investment Dialogue EuroCham...

Post-Pandemic Economic Recovery; Attracting Investment through Structural Reform”, an Investment Dialogue EuroCham – Ministry of Investment Republic of Indonesia

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EuroCham Indonesia and the Ministry of Investment/Investment Coordinating Board (BKPM) held an Investment Dialogue titled Post Pandemic-Economic Recovery; Attracting Investment through Structural Reform on September 21, 2021. The virtual dialogue aimed to exchange views on post-pandemic recovery plans in both Indonesian and the European Union (EU). The event also provided information on structural reform and investment opportunities in Indonesia, especially for European investors, in order to balance the control of COVID-19 and minimize the economic impact.

The Indonesian government has introduced policies to mitigate the impact of COVID-19 and improve the investment climate, aiming to make Indonesia an attractive investment destination amid the pandemic. EuroCham fully supports the government’s efforts, as stated by Julien Steimer, Chairman of EuroCham, “Collaboration of all stakeholders to answer the challenges of the current economic recovery is very much needed. European companies in Indonesia are ready to support the government in carrying out reforms to increase economic competitiveness and improve the ease of doing business.”

The European Union (EU) Ambassador to Indonesia Vincent Piket said, “The EU supports Indonesia in its efforts to increase investment, especially during the recovery period after the COVID-19 pandemic. We welcome recent rebound of foreign direct investment in Indonesia and hope that this dialogue forum can create harmony between investors and the Government as regulator,” he said.

As it has been widely known, the EU has launched NextGenerationEU, a €800 billion recovery program to support investment and reform that will help rebuild a post-COVID-19 Europe. Main elements of the program include support for green transition and digital transformation. Coupled with the EU’s long-term budget, it will be the largest stimulus ever financed in Europe, totalling more than €2 trillion. The program, which was agreed by the European Council in 2020, is expected to transform the economy, create opportunities and jobs by making a greener, more digital and resilient Europe.

Géraldine Mahieu, Acting Director for Investment, Growth and Structural Reforms at DG Economic and Financial Affairs (ECFIN) of the European Commission, underlined that the NextGenerationEU would have significant impact on GDP growth in Europe. Structural reforms included in the plan can also have significant long-term output effects.

The panel discussion also featured and outlined future investment plans in Indonesia and in the region.