Meanwhile, at the domestic front, a lot of domestic unfinished issues to be addressed which most of them are structural issues we never solve and thus have created inefficiencies both in the financial and real sectors. I hope this seminar will give us various perspectives on how to strengthen Indonesian economy amidst those global and domestic challenges.
According to a research on world credit market by International Finance Corporation in 2004, every improvement in credit information system, such as updating from sharing only negative information to sharing both positive and negative information, could trigger loan extension of financial institutions by 6 percent of GDP; while every increase of credit information index would push up GDP growth by 0.9 percentage points and productivity growth by 0.7 percentage points.