Bank Indonesia has outlined four key strategies to drive West Nusa Tenggara’s (NTB) economic growth in 2025, targeting a 4.3%–5.1% increase in 2024. Berry Arifsyah Harahap, Head of Bank Indonesia’s NTB Representative Office, detailed the initiatives aimed at boosting the region’s economy. The first strategy focuses on enhancing agricultural productivity through superior seeds, advanced farming technology, and improved institutions. Favorable weather conditions and government food self-sufficiency programs, such as dryland rice cultivation, are expected to boost rice production. Investment in agriculture will also be encouraged through partnerships between investors, industries, and farmers.
The second strategy promotes investment in key sectors like tourism, with incentives and improved connectivity to support business growth. Sustainable energy investments, including solar power, are also a priority. The third strategy expands investment into green initiatives, such as carbon capture through seaweed cultivation and conservation projects in Mount Rinjani National Park, a globally recognized site. Finally, Bank Indonesia is committed to strengthening MSMEs by providing mentorship, export certifications, financing access, and business-matching opportunities. These efforts aim to foster sustainable economic growth and attract investment to NTB.
