APEC Workshop on Getting Credit in Indonesia

1. APEC has been implementing the "Ease of Doing Business (EoDB)" initiative to improve "Doing Business" indicators , prepared by the World Bank and International Finance Corporation (IFC). The EoDB initiative focuses on five priority areas: [i] starting a business; [ii] getting credit; [iii] enforcing contracts; [iv] dealing with construction permits; and [v] trading across borders so as to advance structural reform in the Asia-Pacific region. As a champion economy of "getting credit" METI and CMEA co-hosted "APEC Workshop on Getting Credit in Indonesia" in Jakarta, Indonesia, on March 28, 2013.
2. Since last year, both governments have been conducting researches on getting credit environment in Indonesia with the cooperation of the government of Indonesia. The research revealed that it is important to strengthen legal rights of creditors by improving asset-based lending system and by promoting real property registration system in order to improve getting credit environment. In the discussion, some participants pointed out that the efforts to raise awareness of the real property registration system would also contribute to promoting investment in and development of infrastructure in Indonesia.
3. METI expects that better getting credit environment provides enterprises with more opportunities to expand their businesses and trigger innovation and strong economic growth in this region.
4. The results of the workshop will be reported to APEC Ministers Responsible for Trade (MRT) Meeting to be held in Surabaya, Indonesia, on April 20 and 21, 2013.

Date:

13:00-17:00, Thursday, March 28, 2013

Venue:

Aryaduta Hotel, Jakarta

Co-organizers:

METI, Economic Coordinating Ministry for Economic Affairs, and Bank Indonesia (central bank)

Number of participants:

About 40

See Appendix(PDF:101KB) (in Japanese).

Opening remarks

Dr. Rizal Affandi Lukman, Deputy Minister for International Economic Cooperation, Coordinating Ministry for Economic Affairs, Indonesia

Mr. Shigehiro Tanaka, Deputy Director-General for International Regional Policy, METI

Ms. Yetti Septirawati, Head of the Department for Bank Licensing and Banking information, Bank Indonesia (central bank)

Full views of the workshop

March 29, 2013

APEC Office, Trade Policy Bureau