{"id":5890,"date":"2026-10-03T09:53:00","date_gmt":"2026-10-03T04:23:00","guid":{"rendered":"https:\/\/www.indonesia.worldfis.com\/?post_type=blog&p=5890"},"modified":"2026-10-01T16:59:13","modified_gmt":"2026-10-01T11:29:13","slug":"indonesias-path-to-a-top-5-global-economy-how-financial-sector-modernization-supports-the-golden-indonesia-2045-vision","status":"publish","type":"blog","link":"https:\/\/www.indonesia.worldfis.com\/id\/blogs\/indonesias-path-to-a-top-5-global-economy-how-financial-sector-modernization-supports-the-golden-indonesia-2045-vision\/","title":{"rendered":"Indonesia’s Path to a Top-5 Global Economy: How Financial Sector Modernization Supports the \u2018Golden Indonesia 2045 Vision\u2019\u00a0"},"content":{"rendered":"
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Indonesia\u2019s ambition to become one of the world\u2019s five largest economies by 2045 depends not only on industrial growth, infrastructure and investment, but also on how effectively capital reaches businesses and households. A deeper financial system can improve access to funding, support productive investment and connect more people with formal financial services. <\/p>\n\n\n\n

The scale of this transition is already visible through expanding digital payments, capital-market reforms and new frameworks for financial technology in the archipelago. For executives, regulators and investors, digital transformation <\/strong>is closely connected with the country\u2019s broader economic strategy. OJK thus officially launched the Indonesia Capital Market Roadmap 2023-2027 to support the country\u2019s ambition of becoming the fifth largest economy globally by 2045.<\/p>\n\n\n\n

Financial Modernization as a Pillar of Golden Indonesia 2045<\/strong><\/h2>\n\n\n\n

Financial modernization is a core engine of the Golden Indonesia 2045 Vision. The objective is to build a more diversified financial system capable of supporting investment, entrepreneurship, infrastructure and household prosperity.<\/p>\n\n\n\n

1. Structural Targets & Sector Deepening<\/strong><\/h3>\n\n\n\n

Indonesia is broadening financial-market depth through the Financial Sector Development and Strengthening Law (UU P2SK) and related regulatory roadmaps. OJK\u2019s capital-market roadmap focuses on market deepening, sustainable finance, investor protection and stronger digital financial services.<\/p>\n\n\n\n

Long-term targets include increasing the role of insurance and pension assets in the economy while expanding banking intermediation. These measures matter because deeper domestic pools of capital can provide longer-term funding for infrastructure, industrial capacity and private-sector expansion.<\/p>\n\n\n\n

2. Massive Financial Inclusion & Literacy<\/strong><\/h3>\n\n\n\n

Financial inclusion is now a measurable national-development priority. Under its National Long-Term Development Plan (RPJPN) 2025\u20132045, Indonesia targets 98% financial inclusion \u2014 with the 2026 National Financial Literacy and Inclusion Survey being used to establish the current position against that objective.<\/p>\n\n\n\n

For the BFSI ecosystem <\/strong>in the country, inclusion increasingly means reaching MSMEs, informal workers, rural communities and younger consumers with suitable savings, payments, insurance and financing products. Better data and alternative credit assessment can also help viable small businesses access formal finance.<\/p>\n\n\n\n

3. Digital Infrastructure & Cross-Border Interoperability<\/strong><\/h3>\n\n\n\n

Bank Indonesia\u2019s payment-system strategy is expanding the infrastructure required for a more connected economy. QRIS Cross-Border is also connected with Thailand, Malaysia, Singapore, Japan, South Korea and China, supporting tourism, trade and MSME payments. These developments create practical foundations for greater regional economic integration.<\/p>\n\n\n\n

4. Sustainable & Green Financing<\/strong><\/h3>\n\n\n\n

Financial modernization must also support Indonesia\u2019s transition towards lower-carbon economic activity. This requires financial institutions and capital markets to direct funding towards renewable energy, sustainable infrastructure and transition projects while maintaining appropriate risk controls.<\/p>\n\n\n\n

Inclusion Can Expand the Productive Capacity of the Economy<\/strong><\/h2>\n\n\n\n

Inclusion has an economic function beyond account ownership. When households can save securely, access formal credit and make digital payments, financial participation can support consumption, entrepreneurship and investment.<\/p>\n\n\n\n

For MSMEs, improved financial data can make cash flows more visible to lenders and reduce dependence on informal borrowing. The challenge for fintech policy makers<\/strong> is to expand access while maintaining consumer protection, responsible lending and operational safeguards.<\/p>\n\n\n\n

Deepening Capital Markets to Mobilize Long-Term Investment<\/strong><\/h2>\n\n\n\n

A larger economy requires financing channels beyond traditional bank credit. Stronger equity, bond, pension, insurance and investment markets can provide longer-duration capital for infrastructure and corporate expansion.<\/p>\n\n\n\n

OJK\u2019s 2023\u20132027 Capital Market Roadmap places market deepening, sustainable finance, investor protection and digital financial services among its central priorities. For institutional investors and financial executives, this creates opportunities to develop products that match Indonesia\u2019s long-term financing requirements.<\/p>\n\n\n\n

Policy, Technology and Regulation Must Move Together<\/strong><\/h2>\n\n\n\n

Technology can expand access rapidly, but regulation determines whether that expansion remains trusted and sustainable. OJK\u2019s 2024\u20132028 IAKD roadmap covers technology innovation, digital financial assets and crypto assets through four pillars: <\/p>\n\n\n\n