Economic Growth
Indonesia has made remarkable development strides in the 21st century, including sustained economic growth and significant reductions in poverty. It became a G20 member in 2008 and assumes the group’s presidency in 2022.
Covid-19
The country’s progress is, however, under constraint due to the impacts of a prolonged coronavirus disease (COVID-19) pandemic. In the near and medium terms, it will be critical to continue to contain the pandemic, support economic recovery, and implement domestic reforms. Indonesia must overcome various development challenges, including tackling human development constraints, enhancing economic competitiveness, and managing the risk posed by climate change and disasters, and achieving environmental sustainability.
BIMP-EAGA Coverage
In Indonesia, BIMP-EAGA covers the provinces of Kalimantan, Sulawesi, the island chain of Maluku, and Papua.
West Kalimantan is part of the West Borneo Economic Corridor (WBEC), which also includes Brunei Darussalam and Sarawak and Sabah in Malaysia.
North Sulawesi is part of the Greater Sulu–Sulawesi Corridor (GSSC), which also includes Sabah in Malaysia, and Mindanao and Palawan in the Philippines.