Indonesia's investment competitiveness has improved, with its ranking rising to 34th out of 64 countries this year. After experiencing a decline last year, Indonesia's investment climate is showing signs of recovery. Citing data from the Institute for Management Development (IMD), Indonesia's competitiveness ranking has improved from 44th in 2022 to its current position, the highest in the past four years. Yuliot, the Deputy for Investment Climate Development at the Ministry of Investment/BKPM, stated that this improvement in perception will serve as a reference for investors when making investment decisions in Indonesia. He expressed confidence that the investment target of IDR 1,400 trillion for this year will be achieved.

However, to further boost incoming investments, Yuliot emphasized that the government must remain focused and not become complacent. Reforms must continue to be implemented based on the evaluated indicators. In line with IMD's assessment, he highlighted the need for the government to continue reforms, promote economic activities outside of Java Island to ensure more equitable distribution of investments, enhance the quality of human resources, and implement sustainable energy transition. It's worth noting that the investment competitiveness ranking is assessed by IMD based on 336 selected competitiveness criteria derived from comprehensive research using economic literature, international, national, and regional sources, as well as feedback from the business community, government institutions, and academia. Additionally, the assessment takes into account four factors: government efficiency, business efficiency, and infrastructure.

Source:
https://amp.kontan.co.id/news/bkpm-optimistis-target-investasi-rp-1400-triliun-akan-tercapai