Indonesia government emphasizes financial literacy and capital market reforms

The Indonesian government is focusing on strengthening the nation's financial sector through education and regulatory reform. At Hasanuddin University in Makassar, the Financial Services Authority (OJK) encouraged students to act as agents of financial literacy. OJK Deputy Chairman Hernawan B. Sasongko stated that students can play a strategic role in spreading knowledge about financial services to their families and communities to support regional economic growth.

Simultaneously, Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo highlighted the need for fundamental improvements in the capital market. He emphasized increasing transparency and governance to prevent stock manipulation and protect investors. These reforms are intended to bolster the credibility of the Indonesian market, particularly as the country faces scrutiny regarding its classification by global index providers like MSCI.