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    Lower Gini Ratio, West Java Encourages Financial Service Institutions to Enter Village

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    BANDUNG-To reduce inequality or reduce the gini ratio between villages and cities, the Regional Government of West Java Province encourages financial service institutions to enter the village area. This is done so that economic equality can be felt by the people in the village.

    Data shows that the economic growth of West Java Province in the third quarter of 2018 is at 5.58% or above national growth. While the gini ratio rose from 0.39 to 0.40.

    Although economic growth is good, according to West Java Governor Ridwan Kamil, this is only enjoyed by certain groups who have access to financial services.

    "This means that economic growth is only enjoyed by a handful of people who have access to opportunities or opportunities, not enjoyed by those who are confused about what to do with their lives," said Emil, Ridwan Kamil's nickname in his remarks at the 2019 West Java Financial Services Industry Annual Meeting in West Hall Gedung Sate, Jl. Diponegoro No. 22, Bandung City, Monday (21/1/19).

    For this reason, in the next five years, Emil said that his party was committed to reducing inequality and improving people's welfare. One of them is to encourage financial service institutions to enter villages through various programs, namely the Prosperous Economic Community (Mesra) program that distributes loans through houses of worship and Micro Waqf Banks (BWM) from OJK.

    "We have agreed that in five years we will reduce this inequality and improve welfare," he said.

    In addition, the Regional Government of West Java Province will also encourage villages that have good natural potential to be developed into tourist areas. Because now there is a trend of selfie economy in regions that have beautiful natural scenery to be used as photos.

    Another idea to increase economic equality is through the One Village One Company program, One Product Islamic Boarding School, and Digital Village. These three programs are part of the 100-day West Java Governor's program launched some time ago.

    "The hope is that our combination in the five years of alignments with the village can accelerate economic growth and reduce the gini ratio," Emil said.

    Meanwhile, this year's 2019 West Java Financial Services Industry Annual Meeting took the theme: "Collaboration to Build Optimism and Acceleration of Sustainable Growth". This meeting is a form of communication of the Financial Services Authority (OJK) with regional stakeholders to provide an overview of the performance of the financial services industry and the direction of OJK policy in 2019.

    The Chairman of the Indonesian OJK Board of Commissioners Wimboh Santoso said that the OJK was committed to increasing the role of the financial services sector to improve national economic growth and equitable development.

    "OJK has a high commitment to strengthen financial system stability and increase the role of the financial services sector in national economic growth and support equitable development," Wimbo said in his speech.

    To support this, Wimbo invited all financial service industry players in West Java to synergize to achieve sustainable economic growth.

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