High Level Policy Dialogue 2014

HLPD 2014

The first High Level Policy Dialogue (HLPD) between Indonesia and Australia in 2014 was held in Jakarta on 16 April. Approximately 80 participants attended this meeting. From Indonesia, this Dialogue was attended by the Ministry of Finance including the Minister and the Deputy Minister, the Coordinating Ministry for Economics and Finance, PLN (Indonesian state-owned electricity company), State Ministry for National Development Planning/BAPPENAS. Representatives from Australia include the Treasury, the Department of Foreign Affairs and Trade attended, Australia Productivity Commission. Other participants include the World Bank, the International Monetary Fund, the Asian Development Bank, the Centre for Strategic and International Studies, the Australian National University, the University of Indonesia, Gadjah Mada University, and Bogor Institute of Agriculture.

HLPD 2014

The HLPD was established as a collaborative activity between the Indonesian and Australian governments and a select number of Australian and Indonesian academics. This initiative arose in 2007 in response to a request by Indonesia’s former Finance Minister, Sri Mulyani, for a policy dialogue with a group of experts about key issues of relevance to Indonesia’s economic development. Following the successful rounds of 2008-2013 Dialogue meetings, Indonesia’s current Finance Minister, M. Chatib Basri, requested that these dialogue meetings be continued.

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Indonesia remained potentially vulnerable to global market volatility in 2014. Following an overview of the Indonesian economy, and a general review of the Australian experience with structural change and reform, the HLPD focused on three broad topics: industrial policy and competitiveness, revenue policy and energy policy.

Following the dialogue, a draft communiqué was prepared and presented to the Minister of Finance the next day.