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ARTICLE · 10 SEPTEMBER 2021

Indonesia Gets Investment Ministry

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As part of a cabinet reshuffle at the end of the first quarter of 2021, the President of Indonesia, Joko Widodo (Jokowi), transformed the Indonesian Investment Coordinating Board...

IndonesiaStrategy
Samuel Yefta Abednego
Samuel Yefta Abednego
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As part of a cabinet reshuffle at the end of the first quarter of 2021, the President of Indonesia, Joko Widodo (Jokowi), transformed the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”) from a governmental agency charged with implementing and supervising investment policy into a full-fledged ministry, known as the Ministry of Investment/BKPM. The upgrade is an effort to enhance the ease of doing business in Indonesia.

The transformation came into being on April 28, 2021, with the enactment of Presidential Regulation No. 31 of 2021. President Jokowi appointed the head of the BKPM, Bahlil Lahadia, as Minister of Investment.

New Ministry of Investment

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