International Institution - Bank Sentral Republik Indonesia
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September 17, 2019
A BRIEF PROFILE OF INTERNATIONAL INSTITUTIONS WITH BANK INDONESIA PATRONAGE
 
:: On behalf of Bank Indonesia, as a Member
 
1. SEACEN, 1982, 12 central banks
is a training and research centre for employees of member central banks in South East Asia in the financial, monetary, banking, central banking and economic development sectors. SEACEN initiates and facilitates collaboration in training and research sectors related to operational and policy aspects of a central bank, economic surveys and annual prospects, including the publication of survey results, analyses and reviews.
 
2. SEANZA, 1957, 20 central banks
was established primarily to overcome limitations in terms of skilled and experienced human resources, especially at upper managerial levels, in countries located in the Asia Pacific region.
 
3. EMEAP, 1991, 11 central banks
is a collaborative organization among central banks and monetary authorities in Asia and the Pacific aimed at enhancing collaboration among its members. Collaboration takes the form of Governors’ Meetings and Working Groups as well as the establishment of a regional network to facilitate the exchange of information.
 
4. ACBF, 2002, 10 central banks
was established with the objective to evaluate economic and financial risks which may arise by emphasizing policy options and their implications, as well as supporting the initial steps required to minimize such risk with assistance from several multilateral institutions at regional and international levels.
 
5. BIS, May 1943, 49 central banks
is an international financial and monetary collaborative forum and an institution that plays a critical role in providing financial services in foreign exchange management. BIS is an economic and monetary research centre, contributing to the understanding of international financial markets, and a forum to discuss the results of monetary and bank research.
 
:: On behalf of the Government, as a Member
 
1. ASEAN, August 1967, 10 countries
is an association of countries in the South East Asian region aimed to boost economic growth as well as nurture social and cultural development in the region. ASEAN is also mandated with encouraging economic and political stability as well as resolving various issues in the region.
 
2. ASEAN+3, 1997, 13 countries
is a collaborative forum based in the economic sectors of ASEAN countries plus China, Japan and South Korea. Collaboration in the future will be continuously improved so as to cover various political and security sectors in order to support peace, stability and prosperity in the region. Forums are held in the form of Summits and Ministerial Meetings.
 
3. ADB, 1966, 61 countries
is a financial development institution with the goal of eradicating poverty through poverty alleviation strategies in Asia and the Pacific. Thus, ADB continuously supports economic growth, human resource development, empowerment of women and environmental preservation. Moreover, regional cooperation as well as private sector and social development also attract attention in order to achieve the primary goal.
 
4. APEC, 1989, 21 countries
is the principle forum to facilitate economic growth, trade and investment in Asia and the Pacific. Its members make up 47% of world trade. The three priorities of APEC are trade and investment liberalization, facilitating business activity, as well as economic and technical collaboration.
 
5. Manila Framework, November 1997, 14 countries (central bank and Finance Department)
was formed subsequent to the severe financial crisis that befell several Asian countries in the middle of 1997. The objective of the framework is to provide a forum to discuss issues that affect financial stability in the region. The group meets twice a year and is attended by authorities from the finance departments and central banks of member countries, plus representatives from IMF, WB, BIS and ADB.
 
6. ASEM, 1996, 25 countries
is a collaboration forum of Asian and European countries to maintain global peace, stability and prosperity, which is hoped will stimulate trade and investment activity between the two regions through trade and investment liberalization among member countries.
 
7. IDB, July 1975, 54 OIC member countries
is a development agency aimed at improving socio-economic development among its member countries and the Muslim community, individually or in groups, according to Islamic shariah principles. In order to achieve its goal, IDB participates in equity capital and finance supply for productive projects and companies, while concomitantly providing supplemental financial assistance to member countries to drive socio-economic development.
 
8. IMF, December 1945, 184 countries
is an international organization formed based on the Bretton Woods conference agreement in 1944 intended to encourage international monetary collaboration in order to prevent the reoccurrence of economic disaster, such as the great depression in the 1930s. Indonesia joined IMF in February 1967 (having previously joined and resigned). IMF facilitates balanced expansion and growth in international trade, supports exchange rate stability, assists the establishment of a multilateral payment system, and provides financial assistance to countries suffering difficulties with their balance of payments. In general, IMF is responsible for ensuring international financial system stability.
 
9. World Bank/IBRD, July 1944, 184 countries
is an international organization also formed according to the Bretton Woods agreement in 1944 and is the largest source in the world for development assistance. Indonesia joined in April 1967. The World Bank is not a common bank, but it is a special development agency from the United Nations that comprises of five organizations, namely IBRD (International Bank for Reconstruction and Development), IFC (International Finance Corporation), MIGA (Multilateral Investment Guarantee Agency) and ICSID (International Centre for Settlement of Investment Disputes). In its development, World Bank has become the name used by IBRD and IDA.
 
10. IDA, 1960, 164 IBRD member countries
is part of the World Bank that helps the poorest countries in the world alleviate poverty by supplying zero-percent-interest credit with a grace period of 10 years and 35 to 40 years. IDA assists the development of human capital, policies, institutions and physical infrastructure needed by countries in order to accelerate sustainable, environmentally sound growth. The goal of IDA is to reduce international and domestic inequality, particularly in terms of access to basic education, healthcare, clean water and sanitation, and to raise the productivity of the public. Indonesia joined in 1968.
 
11. IFC, 1956, 175 IBRD countries
is part of the World Bank that strives to encourage sustainable investment/private sector growth in developing countries as a means of alleviating poverty and improving social welfare. As part of the World Bank Group, IFC’s overarching goal is to improve the quality of life in developing member countries. Indonesia joined in 1968. IFC’s activities include financing private projects in order to obtain funds in international financial markets, and providing technical recommendations and assistance to the business community and government.
12. MIGA, 1988, 157 IBRD countries
is part of World Bank mandated to support foreign direct investment in developing countries in order to ameliorate the public’s standard of living and reduce poverty. MIGA provides political risk insurance/guarantees to developing countries to attract and maintain private investment.
 
13. WTO, 1995, 146 countries
is a negotiation forum for international trade policies/regulations tasked with mediating trade disputes, monitoring national trade policies of member countries, providing assistance in the form of training and technical support to developing countries, and facilitating collaboration with other international organizations.
 
14. G20, September 1999, 19 EU, IMF and IBRD countries
is an international forum for the ministries of finance and central bank governors from industrial and developing countries to support financial and economic stability after the financial and banking crisis in Asia in 1997. G20 was established upon the initiative of the G7. The group’s agenda has expanded to the issues and challenges of globalization and ways to fight terrorism financially. G20 supports an informal exchange of views and the establishment of consensus on international issues. G-20 Statistics could be seen on http://www.principalglobalindicators.org/default.aspx
 
:: On behalf of the Government, as an Observer
 
1. G15, February 1999, 17 developing countries from Asia, Africa and South America
is a group of 17 developing countries from Asia, Africa and Latin America aimed to improve collaboration and provide inputs for other international groups such as WTO and G7 (a group of the 7 wealthiest industrial countries)
 
2. G24, 1971, 24 countries
is a group of 24 developing countries from Africa, South America, the Caribbean, Asia and Europe, whose main goal is to garner unity amongst developing countries regarding monetary and financial development issues. G24 operates through two levels, namely on a political level through ministries of finance and the governors of central banks and on an official level through deputies.

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