From Government of Indonesia

Govt. Guarantees Investor Security

The government guaranteed the security of foreign investment in Indonesia, needed to help boost the country’s economic growth, Coordinating Minister for Political, Legal and Security Affairs Widodo AS said.

"Security is a matter of perception. The important thing is how to manage problems well. We are inviting foreign investment here and we guarantee their security," Widodo said after a meeting with Coordinating Minister for Economic Affairs Boediono on Tuesday (26/12/06).

He said cooperation between the two coordinating ministers was important to build synergy based on their respective tasks and functions, Antara reported.

Boediono said his office would assist the coordinating minister for political, legal and security affairs in efforts to create legal certainty because this constituted the basis for foreign investment. "We will support this from the economic aspect and there will be closer coordination at the technical level," he said.

He said increasing investment was the key to economic growth in 2007.

"The investment climate is the key to attaining faster investment growth and this (security) will serve as a booster of economic growth, creation of job opportunities and reduction of the poverty rate," he said.

The government is targeting economic growth of 6.3% in 2007.
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