In Indonesia, climate change is likely to impact water availability, health and nutrition, disaster risk management, and urban development – particularly in coastal zones, with implications to poverty and inequality.
The World Bank is supporting Indonesia’s COVID-19 emergency response, including strengthening elements of emergency response to the pandemic, supporting the government’s free vaccination program, enhancements to social assistance and health care systems, and actions to strengthen the resilience of the financial sector. The World Bank's Human Capital Index revealed that the loss of learning caused by the closing down of schools during the COVID-19 pandemic will have repercussions for Indonesia's next generation. However, more work remains to be done to ensure strong and productive human capital development. Indonesia achieved a notable success in reducing its stunting rate from 37 percent in 2013 to under 24.4 percent in 2021. Nevertheless, more challenging global conditions and COVID-19 scarring effects could derail the recovery. The pandemic also partially reversed recent progress in poverty reduction, from the record-low of 9.2 percent in September 2019 to 9.7 percent as of September 2021.Īs Indonesia’s economy is now recovering, the country’s GDP growth is projected at 5.1 percent in 2022, supported by growing commodity exports and accommodative fiscal policy to weather the pandemic. With its economy impacted by the pandemic, Indonesia went from upper-middle income to lower-middle income status as of July 2021. It aims to further strengthen Indonesia’s economy by improving the country’s human capital and competitiveness in the global market. The current medium-term development plan is the last phase of the 20-year plan. It is segmented into 5-year medium-term development plans called the RPJMN ( Rencana Pembangunan Jangka Menengah Nasional), each with different development priorities.
Indonesia’s economic planning follows a 20-year development plan, spanning from 2005 to 2025. Indonesia assumed the G20 Presidency this year, encouraging all countries to work together to achieve a stronger and more sustainable recovery from the pandemic’s impacts. Furthermore, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate by more than half since 1999, to under 10 percent in 2019 before the COVID-19 pandemic hit. Today, Indonesia is the world’s fourth most populous nation and 10th largest economy in terms of purchasing power parity. The largest economy in Southeast Asia, Indonesia – a diverse archipelago nation of more than 300 ethnic groups – has charted impressive economic growth since overcoming the Asian financial crisis of the late 1990s.
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