• Source: Ministry of Investment (Indonesia)

The Ministry of Investment/Indonesia Investment Coordinating Board (Indonesian: Kementerian Investasi/Badan Koordinasi Penanaman Modal) is a government ministry formed by the Indonesian government in 2021. The ministry is responsible for investment affairs and facilitating easiness of investment in Indonesia.




History


On 30 March 2021, Joko Widodo submitted a Presidential Letter No. R-14/Pres/03/2021 to People's Representative Council containing a proposal for major change to his cabinet. In his Presidential Letter, Ministry of Investment, will be spun off from existing Coordinating Ministry for Maritime and Investments Affairs to be independent ministry on its own, but still under its coordination.
On 9 April 2021, People's Representative Council, approved the changes.
The form of the ministry is not yet known at that time of announcement of approval. It was speculated that the new ministry either split off from part of Coordinating Ministry for Maritime and Investments Affairs or elevation of existing Investment Coordinating Board. However, it later confirmed that the ministry is actually elevation of Investment Coordinating Board. If done, this ministry is continuation of previously Suharto era and early Reformasi era's Habibie State Ministry of the Promotion of Investment, which existed during 1993 to 1999, during Sixth Development Cabinet and Development Reform Cabinet, respectively.
On 13 April 2021, Ali Mochtar Ngabalin, spokesperson and expert professional of Deputy IV (Information and Political Communication) Presidential Staff Office, announced that the second reshuffle will take place on second week of April 2021. However, due to many reasons, the second reshuffle finally announced on 28 April 2021. Unusual for reshuffle happening in Indonesia, this reshuffle was the first of its kind which not only reshuffled the ministers, but also disbanded ministry institutions during the mid-term. In this reshuffle, Bahlil Lahadalia was appointed the first holder of Minister of Investment. All appointed officials were inaugurated and their respective new offices were established with Presidential Decision No. 72/P/2021.




Organizations



By the virtue of the ministry temporary constitutional document, Presidential Decree No. 31/2021, the ministry is headed by Minister of Investment. The minister post is a concurrent post in which the minister also acted as Head of Indonesia Investment Coordinating Board. As the ministry is elevation of the previous Indonesian Investment Coordinating Board, the ministry retained the previous organizational structure of the board (Presidential Decree No. 24/2020). However, the result is the ministry structure was mixed, and overlapped. On 29 July 2021, the structure of the ministry and the board was amended with the issuance of Presidential Decree No. 63/2021 (Ministry of Investment) and No. 64/2021 (Indonesia Investment Coordinating Board). With the amendment, the structure and responsibilities between the ministry and the board are clearly separated, not mixed as before.
The ministry, as the Presidential Decree No. 63/2021 outlined, is the planning, regulating, and decision making of the investment policies in Indonesia. The ministry is organized in following manner:

Office of the Ministry of Investment (concurrent post with Chief of Indonesia Investment Coordinating Board).
Office of the Deputy Ministry of Investment (concurrent post with Vice Chief of Indonesia Investment Coordinating Board).
Office of the Ministry Secretariat
Advisors to the Ministry:
Enhancement of Investment Competitiveness
Macroeconomy
Institutional Relation
Development of Investment Sector Priorities
Equity and Partnerships in Capital Investment




List of ministers






See also


Cabinet of Indonesia
Investment Coordinating Board




References

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