The Center for Economic & Financial Development (CEFD) promotes inclusive and sustainable growth by tackling Indonesia’s core economic and financial constraints. Key CEFD initiatives include:
ECONOMY
Center for
Economic & Financial
Development
The Purpose
Economic Outlook
Financial Development
Industry
MSMEs
The Approach
From Research to Impact
Financial Development for Strong and Equitable Growth
Indonesia’s financial sector remains underdeveloped, marked by low liquidity, limited access, and high borrowing costs. This flagship policy paper by the Indonesian Business Council (IBC) outlines a roadmap to address these challenges through institutional realignment and strategic policy reform. Key recommendations include: (i) strengthening the Ministry of Finance’s role in financial sector development, (ii) refocusing OJK on consumer protection and market conduct, (iii) consolidating prudential oversight under Bank Indonesia, and (iv) introducing a unified national financial roadmap. To support depth, access, and efficiency, the paper also promotes the use of municipal bonds, REITs, digital finance tools for MSMEs, and improved credit rating systems. These reforms aim to build a more inclusive, resilient, and growth-oriented financial ecosystem.
Forecasting the Course Ahead
The Indonesian Business Council (IBC) hosted the ‘IBC Business Competitiveness Outlook 2025,’ emphasizing four key approaches to enhance collaboration with the business sector and attract investment. These include governance reforms to improve ease of doing business, private-public collaboration in infrastructure development to boost socio-economic quality, advancing industrialization through downstream strategies, and promoting a green economy. Explore the IBC’s 2025 Outlook.
The Indonesia Economic Summit 2025
IES is a high-level forum designed to bring together international business leaders, policymakers, thinkers, and industry champions. The forum explores Indonesia’s current and future economic development, and how it becomes the new growth hub in the global landscape. In its first year, IES explore a range of topics, including industrialization, fiscal and monetary policy, investment, food security, energy transition, state-owned enterprise reform, international market diversification, green protectionism, human talent development, and others.
Analyzing the Issues
Agendas
Capital Market Deepening Through Regulatory Strengthening and Policy Barrier Elimination
On 24 July 2025, the Indonesian Business Council (IBC) will participate in a strategic discussion on “Capital Market Deepening Through Regulatory Strengthening and Policy Barrier Elimination”, alongside key financial market...
24
July
2025
Financial Deepening and Institutional Strengthening: Unveiling Insights from IBC Policy Papers
Inclusive growth toward Indonesia Emas 2045 requires a financial system that is stable, liquid, and responsive to the needs of the real sector. However, Indonesia's financial sector still faces several...
21
May
2025
Indonesia Economic Summit 2025
IES is a high-level forum designed to bring together international business leaders, policymakers, thinkers, and industry champions. The forum will explore Indonesia's current and future economic development, and how it...
18
February
2025
Fellows
Kahlil Rowter, S.E., M.A.
Senior Fellow
Prof. Dr. Telisa Aulia Falianty, S.E., M.E.
Senior Fellow
Adelia Surya Pratiwi, S.E., M.Sc.
Fellow
Citra Handayani, S.Sos, M.P.A
Fellow
Alifa Salsabila, S.T.
Fellow
