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US Delegation Called Omnibus Law Main Reasons for Investing in RI

Jakarta, CNN Indonesia

CEO of the International Development Finance Corporation, Adam Boehler, as part of the delegation United States of America who met with Kadin on Saturday (24/10) said that all Law Work Creation Act is the main reason the country wants to invest in Indonesia.

“That’s (Omnibus Law) the main reason why we are here and why we can make transactions here,” said Boehler in a virtual discussion, Saturday (24/10).

Boehler also said that US interest in investing in Indonesia was also evident from the arrival of representatives of the DFC, the US Export Import Bank (Exim), the US Ministry of Finance, the US Ministry of Commerce, the US Ministry of Foreign Affairs and the US Ministry of Energy to Indonesia.

“Seeing this delegation here and so many agencies for the United States government is very unusual. It reflects the United States’ interest in a broader partnership with Indonesia and in encouraging more investment in Indonesia,” said Boehler.

Boehler views the Omnibus Law as a major effort for Indonesia to be friendly to private businesses. This is important to encourage investment in a country with the fourth largest population in the world.

“Why when Indonesia is the fourth largest country in the world from a population perspective, why isn’t there more investment? Maybe the problem is from distance, but also another problem is the difficulty of doing business,” said Adam.

On the same occasion, the Head of Exim, Kimberly Reed, revealed that the US is interested in funding health service projects, small and medium enterprises (MSMEs), renewable energy (new renewable energy / EBT), and in the field of ICT such as AI, startup, and 5G.

“The Congress has outlined 10 transformational industries that I know are important for Indonesia, namely 5G wireless communications, semiconductors, AI and EBT. However, we basically support all kinds of projects,” said Reed.

(jnp/has)

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