Solo, Indonesia, Oct 29, 2008—
IFC, Indonesia’s Central Java provincial government, and the Chamber of Commerce and Industry have launched a three-day technical training seminar to help local governments improve capacity to compete for new investment in the global arena.
The Central Java Invest program will provide provincial and district-level personnel with world-class training on investment promotion. It
aims to attract and help investors by using a client-oriented approach that assists them from initial contact through commercial operations. Improving the local infrastructure for investment will promote job creation and enhance the province’s economic prosperity.
Agus Suryono, Chairman of the Central Java Provincial Investment Board, said, “The launch of this technical training demonstrates the local government’s strong commitment to improving Central Java’s investment climate and enhancing our ability to attract and secure new investment.”
Historically, investors have overlooked Central Java in favor of East Java and West Java. The Central Java Invest program
plans to change this by raising the province’s profile as an attractive and conducive investment location and by reaching out to new strategic investors, helping them set up in the province. The program will focus on key functions performed by leading investment promotion agencies worldwide, including:
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Investor servicing—providing investors with information and assistance to find partners, select sites, and obtain permits from appropriate authorities
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Investment generation—proactively seeking out, attracting, and securing investors for priority investment projects
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Policy feedback—providing input to the government on ways to improve the local investment climate based on the experience of directly assisted investors
Adam Sack, IFC Country Manager for Indonesia, said, “The current global financial turmoil is putting additional pressure on governments across Southeast Asia to attract more investment for development. The Central Java Invest program is providing the province with the necessary capacity to attract new investment and provide investors with sophisticated, effective services.”
About 40 trainees, representing more than 20 district-level governments are attending the training, the first to be conducted since the Central Java Invest program was launched on August 8, 2008.
About IFC
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. We foster sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. Our new investments totaled $16.2 billion in fiscal 2008, a 34 percent increase over the previous year. For more information, visit
www.ifc.org
.
