In addition to providing experts and regular consultations, the two countries can also exchange experiences on reforming their policies through the Prospera program.
JAKARTA (Antara) – The Indonesian and Australian governments have expanded their cooperation in economic management by signing the Australia-Indonesia Partnership for Economic Development (Prospera) exchange letter valid until 2026.
The exchange of letters was signed by Eddie Poulio Pambudi, Department for Coordinating Economic Affairs, and Michelle Chan, Australia’s Undersecretary for Southeast Asia and the Global Partners Group, Department of Foreign Affairs and Trade (DFAT).
“In addition to the provision of experts and routine consultations, the two countries will also be able to exchange experiences on reforming their policies through the Prospera program,” Panbudi said in a statement issued on Friday.
Prospera is a cooperation program between Indonesia and Australia aimed at promoting strong and sustainable economic growth.
The Economic Management Program brings together Indonesian and international experts to support Indonesia’s economic policy priorities.
These include tax controls, healthcare reform, recovery from the impact of COVID-19, digital acceleration, inclusive policies for people with disabilities, and climate and energy.
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Beyond short-term challenges such as post-pandemic economic recovery, Indonesia has enormous economic opportunities in the future, and Prospera can help policymakers take advantage of them, Chan said.
Prospera partners with about 30 institutions in Indonesia.
These include the Ministry of Economic Coordination, the Ministry of Finance, the Indonesian Bureau of Statistics, the Indonesian Auditor General, and the Ministry of National Apparatus Utilization and Bureaucratic Reform.
Prospera has become a valuable source of information to help Indonesian decision makers deal with increasingly complex challenges, explained Penny Williams, Australian Ambassador to Indonesia.
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Partnerships between government agencies in Indonesia and Australia are a valuable element of the program, and the latest efforts reflect the strong partnership between the two countries, she added.
Prospera has a long history, beginning with economic management programs in Indonesia and Australia that started after the Asian financial crisis of 1997-1998.
Since then, Prospera has been developing to solve new challenges such as this year’s global multidimensional crisis and the emergence of the COVID-19 pandemic. (
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