IFC Coordinates with Indonesia’s Central Java Province to Train Investment Promotion Personnel
In Jakarta:
Ariavita Purnamasari
Phone: (+62) 811891571
E-mail: apurnamasari@ifc.org
In Hong Kong:
Andrew Mak
Phone: (+852) 9277-0706
E-mail: amak@ifc.org
Solo, Indonesia, Oct 29, 2008—IFC,
Indonesia’s Central Java provincial government, and the Chamber of Commerce
and Industry have launched a three-day technical training seminar to help
local governments improve capacity to compete for new investment in the
global arena.
The Central Java Invest program will provide provincial and district-level
personnel with world-class training on investment promotion. It aims
to attract and help investors by using a client-oriented approach that
assists them from initial contact through commercial operations. Improving
the local infrastructure for investment will promote job creation and enhance
the province’s economic prosperity.
Agus Suryono, Chairman of the Central Java Provincial Investment Board,
said, “The launch of this technical training demonstrates the local government’s
strong commitment to improving Central Java’s investment climate and enhancing
our ability to attract and secure new investment.”
Historically, investors have overlooked Central Java in favor of East Java
and West Java. The Central Java Invest program plans to change
this by raising the province’s profile as an attractive and conducive
investment location and by reaching out to new strategic investors, helping
them set up in the province. The program will focus on key functions performed
by leading investment promotion agencies worldwide, including:
- Investor servicing—providing investors
with information and assistance to find partners, select sites, and obtain
permits from appropriate authorities
- Investment generation—proactively seeking
out, attracting, and securing investors for priority investment projects
- Policy feedback—providing input to
the government on ways to improve the local investment climate based on
the experience of directly assisted investors
Adam Sack, IFC Country Manager for Indonesia, said, “The current global
financial turmoil is putting additional pressure on governments across
Southeast Asia to attract more investment for development. The Central
Java Invest program is providing the province with the necessary capacity
to attract new investment and provide investors with sophisticated, effective
services.”
About 40 trainees, representing more than 20 district-level governments
are attending the training, the first to be conducted since the Central
Java Invest program was launched on August 8, 2008.
About IFC
IFC, a member of the World Bank Group, creates opportunity for people to
escape poverty and improve their lives. We foster sustainable economic
growth in developing countries by supporting private sector development,
mobilizing private capital, and providing advisory and risk mitigation
services to businesses and governments. Our new investments totaled $16.2
billion in fiscal 2008, a 34 percent increase over the previous year. For
more information, visit www.ifc.org.
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