AIFED History
1st AIFED 2011
"Transforming Capital Inflow into Real Investment through Sound Fiscal Policy"
The 1st AIFED focused on how to transform the capital inflow into investment, especially in infrastructure financing through sound fiscal policy. Furthermore, the best strategy were suggested to address the challenges how to minimize the risk on financial instability. Inviting many speakers from ASEAN countries and international agencies, this conference was enriched by the discussion from theoretical framework and international best practices. This conference addressed five core area of fiscal policy, such as direction of fiscal policy, policy of tax incentive, policy of tax revenue and non-tax revenue, budget allocation, and social security implementation.
2nd AIFED 2012
"Financial Stability through Effective Crisis Management and Inter-Agency Coordination"
The strategy to address the challenges to maintain stability to promote economic growth was discussed in this conference. Effective crisis management and inter-agency coordination were trusted to address macro, monetary, and financial stability to achieve the development targets. The 2nd AIFED covered the important role of policy coordination and institutional arrangement in promoting financial stability. This conference also provided international best practices of crisis management and discussion of the framework strategy to prevent crisis prevention and resolution. The conference was followed by the workshop on macro-financial indicators and early warning exercise for effective surveillance.
3rd AIFED 2013
"Avoiding the Middle Income Trap: Lessons Learnt and Strategies for Indonesia to Grow Equitably and Sustainably"
Focusing on the inter-related issues of productivity growth and income inequality, 3rd AIFED aimed to raise awareness on the risks of a potential middle income trap for Indonesia and inform policy-makers, influential thinkers stakeholders about various policy options and strategies that Indonesia can pursue in short and medium-terms to avoid the middle income trap which achieving its objective of inclusive and equitable growth. This conference discussed the key determinants of growth decelerations for middle-income economies and the middle income trap, the trend and dynamics of productivity growth in Indonesia, and the state and nature of income inequality in Indonesia and how it evolves as the income levels rise.
4th AIFED 2014
"Growth Strategies for a Rising Indonesia"
Following the last year conference, 4th AIFED focused on concrete recommendations for policies and implementation, constructing the best growth strategy and policy reforms to achieve inclusive growth. The specific problem which were discussed included the type of growth strategy to set the economy on a rising trajectory of robust and inclusive growth, and the specific investment, policy and institutional reforms which are necessary to facilitate the successful implementation on this growth strategy. The conference also discussed the prioritization and sequencing of these policy reforms. With keynote speakers the Nobel Memorial Prize in Economic Sciences 2001 winner, Joseph E. Stiglitz, this conference has succeeded addressing issues with clear focus on identifying concrete and feasible policy options for Indonesia to achieve equitable and sustainable growth path over the next five years and beyond.
5th AIFED 2015
"Fiscal Reform to Support Strong and Equitable Growth: Striking the Right Balance"
Focus on the role of fiscal policy in escaping the middle income trap, Indonesia should elaborates the fiscal policy in pursuing development objectives, including the revenue-spending sides and how government should address the challenges of financing the budget. 5th AIFED aims to exercise and identify the appropriate revenue, expenditure and financing policies needed to support longer term growth and avoid the middle income trap. The discussion focused on the role of fiscal policy in meeting development objectives, especially in the evolution of fiscal policy post GFC environment and, revenue reform which generates higher and sustainable revenue without sacrificing economic growth. The conferenced also discussed spending allocation and priorities, and financing, including government finance’s constraint and the role of financial deepening.
6th AIFED 2016
"Unlocking Public and Private Investment: Role of Financial Sector"
Enhancing the role of financial sector to support and finance its enormous investment needs, this year’s conference will look at some of the key issues and learn to take some important policy direction. The objective of 6th AIFED was to look at the international experience, in designing financial sector policies to support rapid and sustainable growth and avoid the middle income trap and to come up with policy recommendations. This conference covered international evidence on how to mobilize and utilize savings more productively to finance investment and meet development objectives, debottlenecking of the long-term financing challenges for strategic sectors of the economy, particularly infrastructure, by optimizing the role of financial system, and the trade-off between allowing financial system innovation and stability and development given the current challenges in emerging markets.
7th AIFED 2017
"Riding the Wave of Technological Change: The Way Forward to Drive Productivity and Alleviate Inequality"
This conference covers the issue of technological change in the manufacturing sector and the development of the digital economy.
Innovation is the main theme in the seminar. It is a key to reap the benefits of technological changes, including to address productivity and equality issues.
The discussion on manufacturing sector put forward how technological change comes with both potentials and adverse impacts. Policy development needs to become more forward-looking to catch up with technology. Some policy ideas to capture the potential of technology are to accelerate infrastructure development, improves regulations and business climate, and supports greater trade integrations.
The discussion on digital economy agreed that technology creates jobs that mostly high skilled. The discussion leads to a recommendation on areas of action which include strengthening economic capacity, protecting workers through social protection, promoting education in science, technology, enginee
8th AIFED 2018
"Building For The Future : Strengthening Economic Transformation In Facing Forward Global Evolution"
AIFED is a Fiscal Policy Agency annual event that brings together policy makers, economists, academics, and private sector to discuss various key economic and development issues particularly for Indonesia. To upgrade itself to be a more prosperous country and escape from Middle Income trap, Indonesia should redesign its development strategy that will capitalize its potentials (demography trends and digitization) while tackling the structural challenges that has hampered growth (e.g. infrastructure gaps and limited domestic financing source). In the 8th AIFED, the structural economic transformation of Indonesia will be explored in the context of changing global landscape.
9th AIFED 2019
“Thriving Indonesia: Reinforcing Strategies to Boost Productivity and Increase Competitiveness”
The 2019 AIFED continued to explore the ideas to strengthen the public-policy making to prepare crucial fiscal policy strategies to boost the productivity of Indonesia’s economy. This seminar produced useful inputs for policymakers to anticipate the changes in the global economic environment, especially in the context of productivity and competitiveness, as one of the government’s key development priorities in the medium-term plan or RPJMN 2020-2024. This 9th AIFED also showed some extraordinary people who are practically taking action to boost productivity, such as people live in rural or agricultural areas and people with disabilities.
10th AIFED 2021
"Finding New Sources of Growth to Recover Stronger"
Pandemic has resulted a significant impact on how people interact, how businesses promote products, and, somehow, how policymaking process is conducted. Pandemic has also triggered a gap widening between emerging and advanced economies. Heavily relied on raw commodities has been hampering Indonesia’s economic growth for decades. At the same time, demographic dividend can be seen as a curse if the economy fails to boost labor market, both quantity and quality. Therefore, to date is unlike any other normal days at work. Extra effort on reform agenda will be the key to rebuild and regain.
The 10th AIFED will serve as an important forum to look deeper and to deliberate the true gems of Indonesian new economic resources. The discussion will take into account potential in the aspects of people, product, place, and policy.
11th AIFED 2022
"Post Pandemic Economic Policy: Coping with Uncertainties and Seizing New Growth Opportunities"
The 11th AIFED is a melting pot of post-pandemic fiscal policy discourses. As the economy gradually recovered and a better pandemic situation, unwinding policy support is needed. Before the war in Ukraine outbreak, many countries had planned to unwind their policy supports as the economic recovery gradually strengthened. A much higher government debt level has prompted a fiscal consolidation plan, especially in developing countries, to safeguard fiscal sustainability. Nonetheless, the recent surging inflationary pressures have afflicted policymakers over the policy dilemma of whether to sustain the recovery or curb the relatively persistent soaring inflationary pressures.
Reinvigorating the supply side would also increase productivity. The new growth sources in the future are the strengthening of downstream manufacturing, the adoption of the digital economy, and the development of a green economy. Sustaining the progress of higher value-added manufacturing development is also paramount to this effort. Moreover, the development of the digital economy will increase efficiency and economic productivity amidst the permanent trend of a "new normal" lifestyle. These covered discussion topics are also an inseparable part of the G20 Working Groups’ processes in 2022, primarily to sustain the recovery and steer the economy toward strong, sustainable, balanced, and inclusive growth and conduct a systematic analysis of macroeconomic risks, including stemming from climate change. With this policy symphony, the vision toward Indonesia 2045 will remain intact.