Jokowi Further Discussed Indonesia's Membership in OECD

Bogor – President Joko Widodo (Jokowi) met with Secretary-General of the Organisation for Economic Co-operation and Development (OECD), Mathias Cormann, at Bogor Palace on Tuesday to discuss Indonesia's commitment to becoming a full OECD member within three years.

"Indonesia is committed to becoming an OECD member in three years. Earlier, the President conveyed that we will form a team for that and push the OECD accession to be integrated with Indonesia's medium-term development," Coordinating Minister for Economic Affairs, Airlangga Hartarto, said in a press statement, as quoted from Antara site.

The President has formed a team to accelerate Indonesia's permanent OECD membership, the Minister added.

This is in keeping with Presidential Decree Number 17 of 2024 concerning the National Team for the Preparation and Acceleration of Indonesian Membership of the OECD or the OECD National Team.

Minister Hartarto is leading the team, which Finance Minister Sri Mulyani Indrawati and Foreign Affairs Minister Retno Marsudi are also a part of.

Indonesia's accession process to become an OECD permanent member will also be integrated with the national medium-term development plan.

Minister Hartarto then compared Indonesia's achievements with other countries that have become permanent members of the OECD, such as Costa Rica, which has a budget deficit of five percent. Meanwhile, Indonesia's state budget deficit is much lower at less than three percent.

In addition, Indonesia has officially become a full member of the Financial Action Task Force (FATF), an international organization that focuses on global efforts to eradicate money laundering and terrorism financing, as well as stop funding for the proliferation of weapons of mass destruction.

Indonesia's name has been included in the OECD accession list, and since 2007, it has been an OECD partner along with Brazil, India, China, and South Africa.