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Adventus Amicorum (18) – Synergy and Innovation for Indonesia's Economic Resilience and Revival


The 18th lecture of the Adventus Amicorum series was held on March 8, 2024 at Peking University (PKU). Co-hosted by PKU’s Institute of Area Studies, the Office of Humanities and Social Sciences, and the Institute of Social Science Surveys, the event featured Destry Damayanti, Senior Deputy Governor of Bank Indonesia, as the distinguished speaker. Her address, titled "Synergy and Innovation for Indonesia's Economic Resilience and Revival," was warmly received by the audience.

Kong Tao, senior research fellow of the Institute of Social Science Surveys, PKU, chaired the lecture. Prof. Chu Xiaobo, dean of Humanities and Social Sciences; Prof. Wang Dong, vice dean of Humanities and Social Sciences; and Prof. Zhai Kun, deputy director of the Institute of Area Studies, joined approximately 100 participants in the discussion. 

Before the public lecture, a special meeting took place at Linhu Xuan. Prof. Fang Fang, vice president of PKU, warmly welcomed the Bank Indonesia delegation. He introduced PKU's rich history and international initiatives, highlighting the University’s connection with Indonesian students. Destry Damayanti expressed gratitude for the warm reception and emphasized the Central Bank of Indonesia's commitment to the nation's economic recovery. She shared her personal affinity for Chinese culture and expressed eagerness for more exchanges and collaboration with PKU and other Chinese institutions. Representatives from the Office of Humanities and Social Sciences, Institute of Area Studies, Institute of Social Science, and International Affairs attended the meeting, fostering connections and dialogue between the two esteemed institutions.

Destry Damayanti commenced her lecture by providing an overview of Indonesia's current economic growth, emphasizing its strength and promising future. She delved into Indonesia's ongoing structural reforms and the comprehensive national policy mix, which includes the following five economic policies: Fiscal-Monetary Policy Synergies, Financial Stability Policy Coordination, Acceleration of National Economy and Digital Economy Downstream, Downstream of Natural Resources, and Trade, Investment, and Infrastructure Policies. Destry Damayanti expressed confidence that these policies would unlock Indonesia's economic potential.

During the Q&A session, participants from academia, government agencies, and industry sought Destry Damayanti's insights on various issues related to Indonesia's future economic development and China-Indonesia relations. Responding with enthusiasm, Destry Damayanti and the Bank Indonesia team fielded 11 questions, addressing each with depth and clarity. Notably, one question focused on the "two countries, two parks" project, an innovative collaboration between China and Indonesia to bolster investment and trade ties. Destry Damayanti highlighted the resilience of bilateral trade between the two countries, even amid global challenges, and expressed optimism for its continued growth.