The Financial Services Authority (OJK) is encouraging stronger collaboration across agriculture, tourism, and the creative economy to boost regional development and support sustainable national growth. OJK Chairman Mahendra Siregar emphasized that Indonesia can no longer rely solely on traditional global-dependent sectors. Instead, it must strengthen domestic growth engines by leveraging regional economic potential. Speaking at the 2025 National Regional Economic Development Conference in Jakarta, he highlighted OJK’s role in supporting these sectors through tailored financing policies, insurance products such as parametric insurance for crop failure, and by promoting innovative credit assessment tools. He stressed the importance of building comprehensive business ecosystems, including alternative financing solutions that consider the unique nature of creative sectors, such as intellectual property-backed loans.
OJK also underlined the importance of capital market instruments—like securities crowdfunding and venture capital—in advancing the creative economy. Deputy Commissioner Bambang Mukti Riyadi noted that financial product availability is critical for the sector’s growth. Through the Regional Economic Development Program (PED) and local financial access acceleration teams (TPAKD), OJK aims to deepen the financial sector's role in regional economic ecosystems. Initially focused on agriculture, the PED program now also targets tourism and creative industries to expand benefits and resilience. This cross-sector synergy is expected to improve productivity, address operational and marketing challenges, and support the vision of a Golden Indonesia 2045. The initiative aligns with national priorities and seeks to build inclusive, innovation-driven regional growth by connecting real-sector opportunities with financial services.
