non-financial development institution
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Броджонегоро Бамбан

Bambang Brodjonegoro

Minister of National Development Planning of the Republic of Indonesia
Quotes
05.09.2019
EEF 2019
Russia–ASEAN
Talking about Russia–Indonesia relationship – economic relationship, of course, both trade and investment, – I think we have a very big capacity, given the fact that both our countries, Russia and Indonesia, are G20 members. Among the G20 members with economy of this size, there is a lot of potential to increase both trade and investment. If you look at the current data, we are actually in a healthy condition. Indonesia is one of the top ten exporters to Russia
05.09.2019
EEF 2019
Russia–ASEAN
The Indonesian business community does not know much about the Russian business community. It is rather unknown, and I believe it is the same for Russia: many Russian businesses may not know very well about Indonesian economic potential
05.09.2019
EEF 2019
Countries Competing for Economic Growth: What is Russia's Plan?
A wealth of natural resources always creates dependence and addiction. As soon as you depend on natural resources, it becomes very difficult to walk away and try to develop other economic areas, such as industry, agriculture, and services. For this reason, on the one hand, you must preserve your wealth of natural resources, but on the other hand, you must think not only about the present, but also about the future. If you want to preserve your competitiveness in the future, you need to get involved in those services that offer a lot of added value
05.09.2019
EEF 2019
Countries Competing for Economic Growth: What is Russia's Plan?
Increasing investment is an important issue. This is difficult, since an increase in investments depends in part on the foreign investment index, which, for us, is primarily tied to consumption of natural resources. When commodity prices increase, foreign direct investment increases as well
05.09.2019
EEF 2019
Countries Competing for Economic Growth: What is Russia's Plan?
How can we achieve economic growth? We need to sustain a constant and significant rise in consumption. How? We must, most certainly, hold off inflation. <…> Maintaining a 3% inflation rate enables stable consumption
04.09.2019
EEF 2019
Human Capital for a New Eurasia
We’ve got a large pool of human resources, and we need to keep the pace, increase it. We must learn from such countries as Russia, Japan, India, Korea; it is our opportunity to improve our human capital
04.09.2019
EEF 2019
Human Capital for a New Eurasia
The population is the backbone of our economy. Consumption is the most important factor in the economy, and consumption depends on the size and solvency of the population. Human capital is becoming a higher priority for us
04.09.2019
EEF 2019
Human Capital for a New Eurasia
We need to make sure that the aging population works as long as possible. It would be a professional source that would invest in what we receive as the first bonus. The aged work longer to help the youth achieve more
04.09.2019
EEF 2019
Human Capital for a New Eurasia
When developing an educational system, we need to add soft skills to hard skills. Soft skills mean being able to be a leader
04.09.2019
EEF 2019
Long-Term and Affordable Capital for Investments: New Fundraising Opportunities
There are three potential sources of long-term capital. The first is sovereign wealth funds, the second is pension funds, and the third one is life insurance. <...> We cannot expect too much from the traditional sources of FDI, meaning multinational companies or big companies, because they are struggling with this current weakening global growth conditions, trade wars, etc. <...> So, I believe that trying to get infrastructure for investment from this long-term capital, namely sovereign wealth funds, pension funds, and life insurance are the keys to our development in infrastructure
04.09.2019
EEF 2019
Long-Term and Affordable Capital for Investments: New Fundraising Opportunities
I believe that the Russian Far East, as a massive area, could also utilize this possibility [for private investment]. What we are trying to do now is set up different funds and get long-term capital