Indonesian Minister: Private Sector and Cooperative Partnerships Key to Sustainable Economy

Minister of Cooperatives Ferry Juliantono highlighted that sustainable economic growth cannot be achieved by a single entity. He stressed the critical role of strategic partnerships between the private sector and cooperatives during the Indonesia Strategic Alliance Evening 2026 event in Jakarta.

"Strategic partnerships between the private sector and cooperatives are crucial for complementing each other's strengths and resources," Juliantono stated in a written release. He described the forum as an opportunity to strengthen these alliances and encourage investment collaborations that yield tangible results for Indonesia's economic development.

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Strategic partnerships between the private sector and cooperatives are crucial for complementing each other's strengths and resources.

The minister explained that such partnerships create a synergistic relationship. The private sector brings innovation, investment, and market connectivity, while cooperatives offer inclusive community participation and engagement. This collaborative model is increasingly visible across various sectors.

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Cooperatives offer inclusive community participation and engagement.

Juliantono further elaborated that mutually beneficial partnerships not only generate economic opportunities but also empower communities, expand welfare, and build a more robust foundation for long-term growth. He positioned cooperatives as key economic instruments that bridge business interests with societal needs, offering an inclusive development model where communities are active participants, not just beneficiaries.

To bolster this approach, the Indonesian government is implementing programs like Koperasi Desa/Kelurahan Merah Putih (KDKMP), which has already established 83,000 legal entities nationwide. Juliantono asserted that national economic development requires a strong village economic base. The KDKMP program aims to serve as a hub for community economic activities, integrating various business services tailored to local needs and potential, thereby bringing economic access closer and creating greater added value within regions.

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When many countries are looking for more inclusive development models, cooperatives offer an approach that places people not just as beneficiaries, but as key actors in economic development.