Indonesia’s Economic Policy and Challenges from Jokowi to New Government


About the Hybrid Seminar

In 2017, President Joko Widodo set an ambitious target that Indonesia will become the world’s fourth-largest economy by 2045, its 100th year of independence. Its population will reach 309 million, and its GDP will be around US$9 trillion. At that time, Indonesia’s income per capita is predicted to reach $29,000, joining a high-income economy. The projection was made before the COVID-19 pandemic hit the world and reset all the growth projections. And now, with rising global economic uncertainties due to the prolonged war in Ukraine and deglobalisation trends, it is important to reevaluate such projection.

As Indonesia will hold the 2024 presidential election, people wonder if the country can push for necessary economic policy reforms to bring the growth back to above the five per cent level. The government is currently preparing a new national development plan for the upcoming administration. There is an expectation of continuity of what has been implemented by the current administration, but changes and new directions are also possible.

This webinar will look at some key economic policies and challenges during Joko Widodo’s administration and discuss the current policy planning for the new government. We will discuss some recurrent issues, including the industrial strategy to promote the country’s technological capacity through downstream industrialisation and the promotion of green technology, such as EV. The last topic will discuss what is needed to achieve Indonesia’s long-term development goals, i.e., increase prosperity and equality. This seminar is jointly organised by the Indonesia Studies Programme at ISEAS – Yusof Ishak Institute and the Institute of Public Policy at the Atma Jaya Catholic University of Indonesia (UAJ).

About the Speaker

Dr Amalia Adininggar Widyasanti is the Deputy Minister for Economic Affairs within Indonesia’s Ministry of National Development Planning. She is responsible for formulating, implementing and monitoring the country’s national development plan and accelerating efforts towards sustainable financial inclusion. Dr Widyasanti was previously Senior Advisor to the Minister for Economy and Finance and was appointed Head of the National SDG Coordination Team Secretariat in 2018, a role she held until 2020. She has a PhD in economics from the University of Melbourne in Australia. Dr Widyasanti’s areas of interest include macroeconomy, trade and economic development, and economic modelling.

About the Discussant

Dr Agustinus Prasetyantoko is Rector of the Atma Jaya Catholic University of Indonesia (UAJ) in Jakarta. He is also a Senior Fellow at the Atma Jaya Institute of Public Policy (IPP-UAJ). He is a member of Steering Committee of the Indonesia FinTech Society (IFSoc) and has served on various selection committees for top-level executives in Financial Services Authority (OJK) and the Indonesia Competition Commission (KPPU). Dr Prasetyantoko completed his PhD in economics from École Normale Supérieure (ENS) de Lyon, France. He earned his master’s degree from the University of Lille 1 and his bachelor’s degree from Gadjah Mada University. Dr Prasetyantoko is a columnist for Kompas, a national newspaper. His research interests revolve around financial technology and inclusion, industrial policy.


This is a hybrid event which will be held at ISEAS – Yusof Ishak Institute (ISEAS).

Attending the Event In-person at ISEAS

To join the event in-person at ISEAS, please register via the ISEAS mobile app, available on iOS and Android via the Apple or Play store. Search “ISEAS” to find or scan this QR code.

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Seating capacity is limited. Do register early to avoid disappointment.

Attending the Event Virtually via Webinar

To join the event virtually at the specified date and time using your internet devices, please register here to receive your unique login link for the webinar via the zoom platform.

If you have questions for the speakers, please key in your questions via the Q&A, stating your name and affiliation. The moderator will field them to the speakers during the Q&A session.


Jun 09 2023


10:00 am - 11:30 am


ISEAS Seminar Room 2 / Webinar