INTERNATIONAL COLLABORATION UNDERTAKEN BY BANK INDONESIA

Bank Indonesia advocates collaboration with international institutions to buttress task performance continuity related to economic, monetary and banking fields. Bank Indonesia currently participates in international collaboration covering the following aspects:

1. Joint investment for foreign exchange market stability.
2. Settlement of cross-border transactions.
3. Correspondent relationships.
4. Information exchange on subjects related to the roles and functions of the central bank
5. Training/research in monetary and payment system sectors.

Bank Indonesia’s membership of several international institutions and forums include:

1. The South East Asian Central Banks Research and Training Centre (SEACEN Centre)
2. The South East Asian, New Zealand and Australia Forum of Banking Supervision (SEANZA)
3. The Executive’ Meeting of East Asian and Pacific Central Banks (EMEAP)
4. ASEAN Central Bank Forum (ACBF)
5. Bank for International Settlements (BIS)

Memberships of Bank Indonesia as a representative of the Indonesian Government include:

1. Association of South East Asian Nations (ASEAN)
2. ASEAN+3 (ASEAN + China, Japan and Korea)
3. Asia Pacific Economic Cooperation (APEC)
4. Manila Framework Group (MFG)
5. Asia-Europe Meeting (ASEM)
6. Islamic Development Bank (IDB)
7. International Monetary Fund (IMF)
8. World Bank, including membership of International Bank of Reconstruction and Development (IBRD), International Development Association (IDA) and International Finance Cooperation (IFC), as well as Multilateral Investment Guarantee Agency (MIGA)
9. World trade Organization (WTO)
10. Intergovernmental Group of 20 (G20)
11. Intergovernmental Group of 15 (G15, as an observer)
12. Intergovernmental Group of 24 (G24, as an observer)