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Collaboration Drives Inclusive Investment

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By: Reza Herlambang )*

Bringing in investors is something that requires a strategy, the government has prepared regulations to attract investors to invest in Indonesia. On the other hand, to realize inclusive investment also requires a strategy, one of which is collaboration.

The Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia emphasized the importance of collaboration in order to spur inclusive and sustainable investment, while chairing the second session of the G20 Trade, Investment and Industry Ministerial Meeting (TIIMM) in Bali.

Bahlil who is the Co-Chairman of TIIMM G20 explained that a well-established collaboration between large investors and local micro, small and medium enterprises (MSMEs) will create local economic growth and provide equitable welfare for local communities.

Equitable investment is part of the most important instrument that is expected to be able to build sustainable and quality investments.

On the occasion, the priority issues discussed were related to the trade, investment and industry working group on “Encouraging Sustainable Investment for Global Economic Recovery”.

On the same occasion, Secretary General of the United Nations Conference on Trade and Development (UNCTAD) Rebeca Grynspan conveyed the need for stronger collaboration to address inequality in promoting sustainable investment in developing countries.

In the opinion session, the British Minister of State for International Trade James Duddridge admitted that he agreed on the importance of increasing sustainable development. James said, through collaboration together, we can create a greener future. James also hopes that more countries will benefit from sustainable development.

Meanwhile, Saudi Arabian Trade Minister Majid bin Abdullah Al-Qasabi also believes that sustainable and inclusive investment can be used as a solid foundation for an inclusive and sustainable economic recovery.

Majid considered that the country needs to take advantage of sustainable investment with technological innovation and explore other steps to optimize a more sustainable future.

The Minister of Foreign Affairs of the United Arab Emirates (UAE) Thani bin Ahmed Al Zeyoudi, one of the invited country delegates, expressed his appreciation for the efforts of the Indonesian G20 presidency in raising issues related to sustainable investment. Thani also explained that this sustainable investment has also become a priority for the UAE government for the prosperity of the people.

Sustainable investment is the key to driving a stronger and more inclusive world economy. In the face of various challenges such as technology transfer, employment and financing, solid global cooperation is needed.

Meanwhile, Brazil’s Vice-Minister for Foreign Trade and Economy Affairs Sarquis JB Sarquis stated his agreement to encourage sustainable investment financing by involving private participation. It encourages greater engagement at the multilateral level to accelerate sustainable infrastructure financing.

In the event, input from all members of the delegation will be valuable input to work together in finding effective solutions in solving challenges in an effort to encourage sustainable investment.

Meanwhile, the conclusions from the discussion of these priority issues include the importance of sustainable investment flows for economic recovery, job creation, industrialization and other development goals, the process of simplifying investment administration is one of the main drivers for sustainable investment.

In addition, the contribution of sustainable investment to downstreaming and added value is also needed by encouraging investment in productive sectors such as downstream manufacturing, the importance of a fair and equitable climate financing scheme that can be accessed to encourage sustainable investment, and the need for support from G20 member countries for compendiums that can be implemented. become a reference for state policies in designing and implementing strategies to attract sustainable investment.

On a different occasion, the Coordinating Minister for Economic Affairs (Coordinating Minister for the Economy) Airlangga Hartarto, said that the B20 event is expected to play a role in promoting inclusive and sustainable investment in order to support projects that are in line with sustainable development goals by bringing investment opportunities to partners. global.

According to Airlangga, the industrial sector is one of the catalysts in increasing economic resilience and competitive economic growth through the impact it provides in increasing the added value of production.

Inclusive investment is a key condition for promoting an inclusive economy. The investment is not only measured by the figures for the realization of incoming capital, but also how useful the investment is for the welfare of the community.

The investment process in Indonesia must be part of community empowerment. Affirmation policies for small and medium enterprises as well as partnership programs that enable MSMEs and large companies to collaborate with each other.

On the other hand, the presence of investment must also be part of a unifying community, not a source of conflict with the local community where the investment is located.

Inclusive and sustainable investment is a big goal of the government’s efforts to bring in investment, in realizing it, of course, requires collaboration to realize inclusive investment.

) *The author is a contributor to the Nusantara Reading Room

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