DPR Legislation Body Approves Financial Center Draft Law
JAKARTA, DDTCNews - The government and the House of Representatives (Dewan Perwakilan Rakyat/DPR in Indonesian) will discuss the Indonesian International Financial Center Draft Law in the near future.
The DPR Legislation Body (Badan Legislasi/Baleg in Indonesian) and the government have agreed to discuss the Indonesian International Financial Center Draft Law as a draft law outside the national legislation programme (program legislasi nasional/prolegnas in Indonesian).
"We agree to the proposal for a Draft Law on the Indonesian International Financial Center, originating from the government, to be discussed pursuant to statutory provisions. Can this be approved? Agreed," said Baleg DPR Chairperson, Bob Hasan, as he read out the meeting's conclusions, cited on Wednesday (24/6/2026).
The discussion of the Indonesian International Financial Center Draft Law is a follow-up to Law 4/2026 on the Amendment to Law 4/2023 concerning the Development and Strengthening of the Financial Sector (pengembangan dan penguatan sektor keuangan/P2SK in Indonesian), which mandates the enactment of a law concerning the administration of the Indonesian international financial center.
As stipulated under Article 248A of Law 4/2026, the law concerning the administration of the Indonesian international financial center must be established within 3 months from the time Law 4/2026 is promulgated.
"This Draft Law on the Indonesian International Financial Center has already been mandated by the P2SK Law to be completed within 3 months," said Bob Hasan.
On the same occasion, Deputy Minister of Law, Eddy Hiariej, stated that the Indonesian International Financial Center Law is necessary to drive economic growth as well as the deepening and diversification of the economy through an effective contribution to the financial sector.
"To realise these conditions, it is necessary to establish the Indonesian international financial center within a single territory granted special authority as a driver of Indonesia's sustainable economy in the future," said Eddy.
The presence of the Indonesian international financial center is expected to enhance Indonesia's competitiveness as an international financial center, promote the deepening and innovation of the financial sector, attract investments, facilitate financing across various sectors and strengthen the financial sector's contribution to the national economy. (dik)
