Indonesia ranked second among most attractive investors: Jokowi

16 March, 2018 | Source: Antara News

President Joko Widodo (Jokowi) has stated that according to US News and World Report survey results, Indonesia was in the second place among the world`s two most attractive countries for investment destination.

"Two weeks ago, the US News and World Report magazine in the United States conducted an international survey on the most interesting countries, and Indonesia was ranked second in the world," the president stated, in the presence of general bank leaders of Indonesia who gathered at the State Palace here, on Thursday.

Jokowi noted that the survey method was conducted by the US magazine by interviewing 21 thousand respondents to make a ranking and selecting six thousand executive decision-making respondents.

"I learned one thing that the investment is made due to the trend in the targeted country," he remarked.

The head of state revealed that the criterion for the investment was the trend and not the condition.

"They (investors) know when the country is going to fix certain things that are not ideal yet, and so they target it. It will not work if the ideal country has a declined trend," he stated.

The president believed that Indonesia would be trusted more by international investors because of the improved trend experienced in the country.

"Perhaps, the improvement in the trend is slow, but it is consistent," Jokowi, accompanied by Coordinating Minister for the Economic Affairs Darmin Nasution, Finance Minister Sri Mulyani, and Head of Financial Services Authority (OJK) Wimboh Santoso, explained at the meeting with the leaders of commercial banks in Indonesia.

Referring to the issue, the president asked Nasution to improve the ranking of ease of doing business in Indonesia, which was stood at 72 last year.

"I believe the rank will be below 60; however, it is not possible to get a rank below 50. I wish it can be applied due to the minister`s certainty," he added.

However, the trust of conducting investment in Indonesia has improved, which can be seen from Standard and poor`s Rating.

Fitch rating, which has increased from BBB- to BBB, is a mark of international trust in Indonesia, Jokowi concluded.

 

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