JAYAPURA - Acting Governor of Papua Muhammad Ridwan Rumasukun appreciates Bank Indonesia for supporting the economic growth in the local region of Papua.

Ridwan said that the collaboration between the Papua Regional Government and BI was very intense in suppressing and controlling inflation.

"This close synergy has even led to Papua's economic growth in the first quarter of 2024 to be the highest in Indonesia (17.49% yoy)."

"Meanwhile, the annual inflation of Papua Province in April 2024 is the lowest in Indonesia (1.78% yoy)," Ridwan said at the inauguration of the Head of Bank Indonesia Papua Representative, Faturachman in Jayapura, Friday (17/5/2023).

Faturachman replaces Juli Budi Winantya, who is now the Head of the Policy Formulation Group of the Department of Economic & Monetary Policy.

Ridwan hopes the collaboration between the Papua Regional Government and BI will be maintained and even more solid. This collaboration is expected to make a real contribution to realizing a stronger Papuan economy.

In the same place, Deputy Governor of Bank Indonesia, Aida S. Budiman emphasized the importance of innovation and collaboration in developing new sources of economic growth in the KPwBI Papua working area.

This is to strengthen the economic structure, encourage more inclusive development, and improve people's welfare.

"Some sectors that need to be optimized for their potential include agriculture, tourism, and the creative economy."

"This means that synergy between Bank Indonesia and various stakeholders, including local governments in Papua, needs to be strengthened in overseeing the regional economy," he said. ***