Regent Jeje: Cooperatives will drive economic independence in West Java
Translated from Indonesian, summarized and contextualized by DistantNews.
At a glance
- The Regent of Bandung Barat, Jeje Ritchie Ismail, stated that cooperatives will drive economic independence in West Java.
- Cooperatives are envisioned as a single aggregator and a hub for grassroots economic activity, aiming to cut distribution chains and eliminate loan sharks.
- The government is committed to fostering cooperatives to achieve economic sovereignty for the people.
Bandung Barat Regent Jeje Ritchie Ismail has declared that cooperatives are poised to become the primary engine for economic self-sufficiency among the populace in West Java. He emphasized that the newly established Koperasi Desa Merah Putih (KDMP) will function as a unified aggregator and a central hub for grassroots economic initiatives.
Cooperatives will later act as the driving force for community economic independence. This is also to ensure that economic growth runs from the bottom up, not the other way around.
Ismail explained that the cooperative's design aims to streamline distribution channels, combat predatory lending practices, and facilitate the distribution of subsidized goods. "Cooperatives will later act as the driving force for community economic independence. This is also to ensure that economic growth runs from the bottom up, not the other way around," Jeje stated during a national seminar on cooperatives in Jakarta. He stressed the historical importance of cooperatives as the "pillar of the nation's economy" that needs to be revitalized from the village and sub-village levels.
Cooperatives are the pillar of the nation's economy that must be revived, starting from the village and sub-village levels.
The Regent affirmed the government's full commitment to nurturing and supporting cooperatives within the region. This support is intended to help them "move up a class, become competitive, and become the main driver in realizing the economic sovereignty of the people," he added. The initiative, supported by the Ministry of Villages, Development of Disadvantaged Regions, aims to foster a more robust and equitable economic structure starting from the local level.
And become the main driver in realizing the economic sovereignty of the people.
Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.