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Jokowi says OECD membership will open access to investment

Jokowi says OECD membership will open access to investment


TEMPO.CO, JakartaIndonesian President Joko Jokowi Widodo has expressed hope that Indonesia will soon be accepted as a member of the Organization for Economic Cooperation and Development (OECD). He hoped that this membership would bring many benefits to society.

“Because it is an organization for developed countries, and we hope that by being a member it will be easy to access investments and international institutions that will be advantageous to our society,” he said in a press release after visiting Konawe Hospital in Konawe Regency, Southeast Sulawesi Province, Tuesday, May 14.

Jokowi also believes that being a member of the OECD is crucial to helping Indonesia avoid the middle-income trap. “There are many rules that we must follow, and this will discipline us to achieve our goal of becoming a developed nation,” he remarked.

The OECD Council decided to throw accession discussions with Indonesia on February 20, 2024, following an assessment by members based on its evidence-based framework for reviewing potential members. The move also follows years of increased engagement and cooperation with Indonesia as a key OECD partner country since 2007.

On May 11, Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, claimed that 38 OECD member countries had approved the Indonesian bill. apply to become a member of the organization.


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