Key facts
- Indonesia aims to transform Bali into a financial hub.
- The initiative is described as a 'matter of survival' for the Indonesian economy.
- The goal is to attract foreign investment and talent.
- Bali is envisioned as a center for wealth management and financial services.
Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan stated that developing Bali into a financial hub is a matter of survival for Indonesia's economy. He emphasized the need to attract foreign investment and talent to the island, envisioning it as a center for wealth management and other financial services.
Pandjaitan's remarks underscore Indonesia's ambition to enhance its position in the global financial landscape and leverage Bali's appeal beyond tourism.