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Economy

Time to Help Other Countries: President Says

President Joko Widodo inaugurates a plant producing biological products and raw materials for medicines belonging to PT Kalbio Global Medika which is the subsidiary of PT Kalbe Farma Tbk. in Cikarang, Feb 27, 2018.

Jakarta, MINA – President Joko Widodo (Jokowi) has said it is already time now for Indonesia to help other countries with economic condition below the country`s level.

“We must not again ask for aid from other countries. It is time for us yo help other countries, smaller countries. The time has come,”Antara News quoted the president as saying at Delta Silicon Industrial Zone in Cikarang, West Java, on Tuesday.

Jokowi inaugurated a plant producing biological products and raw materials for medicines belonging to PT Kalbio Global Medika which is the subsidiary of PT Kalbe Farma Tbk. in Cikarang.

He said indonesia has been included in the two groups of big econmies which are G20 and “Trillion Dollar Club”, an unofficial designation of countries with gross domestic product surpassing US$1 trillion.

For the past seven years the number of the club has only reached 15. Indonesia entered the club in 2017.

“Last year we entered the more special group which is the “Trillion Dollar Club” for member countries with economies worth US$1 trillion a year. Many people here are not aware that we have been included in the G20 group of countries. Many still feel that the country is still poor,” he said.

President Jokowi called on the people to be grateful over the country`s growth which will continue to be boosted to further increase the country`s economic scale.

“If our country`s economy continue to grow above five percent a year and we keep pushing it to grow even bigger, let us say, to 5-6 percent a year it means it will be worth US$2 trillion by 2032 at the latest. Many people do not have such calculation,” he said.

Quoting PriceWaterhouse Coopers (PwC) economic consultant that uses a purchasing power parity method to calculate an alternative for an exchange rate between two countries` currencies President Jokowi said Indonesia could become the fifth biggest economy in the world by 2032.

“Top economic consultant PwC has made projection that based on purchasing power parity Indonesia will become the world`s fifth biggest economy in 2032,” he said. (T/RS5/RS1)

Mi’raj Islamic News Agency (MINA)

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