The Ministry of Investment (

Indonesian Indonesian is anything of, from, or related to Indonesia, an archipelagic country in Southeast Asia. It may refer to: * Indonesians, citizens of Indonesia ** Native Indonesians, diverse groups of local inhabitants of the archipelago ** Indonesian ...

: ''Kementerian Investasi'') is a

government ministry Ministry or department (also less commonly used secretariat, office, or directorate) are designations used by first-level executive bodies in the machinery of governments that manage a specific sector of public administration." Энцикло� ...

formed by the

Indonesian government The term Government of Indonesia ( id, Pemerintah Indonesia) can have a number of different meanings. At its widest, it can refer collectively to the three traditional branches of government – the executive branch, legislative branch and ju ...

in 2021. The ministry responsible for investment affairs and facilitating easiness of investment in Indonesia.

History

On 30 March 2021,

Joko Widodo Joko Widodo (; born 21 June 1961), popularly known as Jokowi, is an Indonesian politician and businessman who is the 7th and current president of Indonesia. Elected in July 2014, he was the first Indonesian president not to come from an elite ...

submitted a Presidential Letter No. R-14/Pres/03/2021 to

People's Representative Council The People's Representative Council of the Republic of Indonesia ( id, Dewan Perwakilan Rakyat Republik Indonesia, DPR-RI), also known as the House of Representatives, is one of two elected chambers of the People's Consultative Assembly (MPR), ...

contained a proposal for major change his cabinet. In his Presidential Letter, Ministry of Investment, will be spin off from existing

Coordinating Ministry for Maritime and Investments Affairs Coordinating Ministry for Maritime and Investment Affairs ( id, Kementerian Koordinator Bidang Kemaritiman dan Investasi) is the Indonesian government ministry in charge of planning, coordinating as well as synchronizing policies in maritime af ...

to be independent ministry on its own, but still under its coordination. On 9 April 2021, People's Representative Council, approved the changes. The form of the ministry is not yet known at that time of announcement of approval. It was speculated that the new ministry either split off from part of Coordinating Ministry for Maritime and Investments Affairs or elevation of existing

Investment Coordinating Board The Investment Coordinating Board ( id, Badan Koordinasi Penanaman Modal, BKPM) is Non-Ministerial Government Body in Indonesia for formulation of government policies in the field of investment, both domestically and abroad. History ICB was esta ...

. However, it later confirmed that the ministry actually elevation of Investment Coordinating Board. If done, this ministry is continuation of previously

Suharto Suharto (; ; 8 June 1921 – 27 January 2008) was an Indonesian army officer and politician, who served as the second and the longest serving president of Indonesia. Widely regarded as a military dictator by international observers, Suharto ...

era An era is a span of time defined for the purposes of chronology or historiography, as in the regnal eras in the history of a given monarchy, a calendar era used for a given calendar, or the geological eras defined for the history of Earth. Comp ...

and early Reformasi era's Habibie State Ministry of the Promotion of Investment, which existed during 1993 to 1999, during

Sixth Development Cabinet The Sixth Development Cabinet ( id, :id:Kabinet Pembangunan VI, Kabinet Pembangunan VI) was the Indonesian Cabinet which served under President Suharto and Vice President Try Sutrisno from March 1993 until March 1998. The Cabinet was formed after ...

and

Development Reform Cabinet The Development Reform Cabinet ( id, Kabinet Reformasi Pembangunan) was the Indonesian cabinet which served under President B. J. Habibie during his term as president from 23 May 1998 to 20 October 1999. Despite having the word "Reform" as part ...

, respectively. On 13 April 2021, Ali Mochtar Ngabalin, spokesperson and expert professional of Deputy IV (Information and Political Communication) Presidential Staff Office, announced that the second reshuffle will take place on second week of April 2021. However, due to many reasons, the second reshuffle finally announced at 28 April 2021. Unusual for reshuffle happened in Indonesia, this reshuffle was the first of its kind which not only reshuffled the ministers, but also disbanding ministry institutions during the mid-term. In this reshuffle, Bahlil Lahadalia appointed as the first holder of Minister of Investment. All appointed officials inaugurated and their respective new offices were established with Presidential Decision No. 72/P/2021.

Organizations

By the virtue of the ministry temporary constitutional document, Presidential Decree No. 31/2021, the ministry headed by Minister of Investment. The minister post is a concurrent post in which the minister also acted as Head of Indonesia Investment Coordinating Board. As the ministry is elevation of the previous Indonesian Investment Coordinating Board, the ministry was retained the previous organizational structure of the board (Presidential Decree No. 24/2020). However, the result is the ministry structure was mixed, and overlapped. On 29 July 2021, the structure of the ministry and the board amended with the issuance of Presidential Decree No. 63/2021 (Ministry of Investment) and No. 64/2021 (Indonesia Investment Coordinating Board). With the amendment, the structure and responsibilities between the ministry and the board are clearly separated, not mixed as before. The ministry, as the Presidential Decree No. 63/2021 outlined, is the planning, regulating, and decision making of the investment policies in Indonesia. The ministry is organized in following manner: # Office of the Ministry of Investment (concurrent post with Chief of Indonesia Investment Coordinating Board). # Office of the Deputy Ministry of Investment (concurrent post with Vice Chief of Indonesia Investment Coordinating Board). # Office of the Ministry Secretariat # Advisors to the Ministry: ## Enhancement of Investment Competitiveness ## Macroeconomy ## Institutional Relation ## Development of Investment Sector Priorities ## Equity and Partnerships in Capital Investment

List of ministers

References

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Investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

Central Jakarta Government agencies established in 2021 2021 establishments in Indonesia

History

Organizations

List of ministers

See also

References