World Bank President Meets President Jokowi to Discuss Infrastructure

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JAKARTA, thepresidentpost.com – World Bank Group President Jim Yong Kim has paid a two-day visit to Jakarta to discuss the policy reforms in a bid to increase revenue and encourage more efficient spending in infrastructure and human resources sectors.

“I strongly support the government’s efforts to continue the reforms that will benefit the entire population of Indonesia, including finding more efficient ways to earn and spend in financing the development programs,” Kim said in a statement received in Jakarta on Monday (24/7)

During his visit from Tuesday (25/7) to Wednesday (26/7), Kim met with President Joko Widodo, Vice President Jusuf Kalla, Finance Minister Sri Mulyani Indrawati and other ministers.

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Kim also participated in the Infrastructure Financing Forum aimed at engaging public and private sector stakeholders in mobilizing the infrastructure development financing.

“Indonesia’s infrastructure gap is an urgent challenge and a tremendous opportunity as well. Investing effectively in infrastructure is critical to accelerating the inclusive and sustainable economic growth, and it will help unlock the enormous potential of the country,” Kim said.

The Infrastructure Financing Forum, held on Tuesday (25/7), is part of a series of events leading to the IMF-World Bank Annual Meeting in 2018 to be held in October 2018 in Bali, Indonesia.

“I am grateful to the government and people of Indonesia who host the 2018 Annual Meetings. This global event will raise awareness of Indonesia’s development success, as well as its cultural diversity and natural beauty,” Kim added.

Kim also called for the importance of the Indonesian youth to invest in the next generation and further raise awareness of Indonesia’s challenge in building human resources.

According to him, investment in early childhood is very important to end the epidemic of stunting (chronic malnutrition) and is the most cost-effective investment for a country to reduce inequality, promote future growth and prosperity.

“A healthy and happy child will be a productive member of society and encourage economic growth in Indonesia. Investing in this area is very important to realize Indonesia’s high aspirations,” Kim said.

A national health survey estimates that about nine million Indonesian children under the age of five currently experience stunting or about one-third of all under-five kids. (IND/TPP)