BI Unveils 'Pinisi' to Drive Financing, Back 5.4% Growth Goal
Jakarta. Bank Indonesia (BI) has launched its macroprudential program called National Financial Intermediation Acceleration (Pinisi), aiming to unlock financing for priority programs and drive the real sector as global uncertainty intensifies.
BI Governor Perry Warjiyo said the central bank and the government are aligning policies to sustain stronger, more inclusive, and sustainable growth, with Pinisi positioned as a key execution platform.
“Pinisi will serve as a strategic platform to strengthen communication and coordination, build optimism, and resolve bottlenecks in financing the economy,” Perry said during the program’s kickoff at BI headquarters in Jakarta on Monday.
He warned that the global economy is not only slowing but facing prolonged uncertainty, driven by escalating geopolitical tensions involving the United States, Israel, and Iran, as well as the persistence of high interest rates.
These conditions, he said, have triggered capital outflows from emerging markets, including Indonesia, adding pressure on external resilience.
“Capital outflows and external pressures require us to strengthen our economic resilience. We must enhance synergy and coordination to navigate these unfavorable global conditions,” Perry said.
The government is targeting economic growth of 5.4% by the end of 2026, a goal that hinges on tighter coordination between fiscal and monetary policy.
On the monetary side, BI is reinforcing its policy mix to maintain stability while supporting growth.
“Macroprudential policy will ensure financing intermediation for the economy, while payment system policies will accelerate digital financial transformation as a future growth engine,” he added.
Three Key Focus Areas
Perry outlined three core priorities under the Pinisi framework.
First, strengthening collaboration among stakeholders, including the government, BI, the Financial Services Authority (OJK), sovereign wealth fund Danantara, banks, investors, and businesses.
“Let us move together toward our shared goal of driving economic growth for public welfare,” he said.
Second, accelerating the completion of priority government programs that are already in the pipeline, which are expected to lift growth momentum.
“We must work together to find the best solutions for economic progress,” Perry said.
Third, ensuring that coordination under Pinisi translates into concrete outcomes, including agreements, financing commitments, and project execution.
“Let us strengthen optimism, commitment, and synergy through Pinisi to build a resilient economy, maintain stability, and advance a people-centered economy,” he concluded.
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