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Jakarta (ANTARA News) - The Indonesian Government will issue a presidential instruction on economic action program for the improvement of investment climate, infrastructure development, financial sector, and foreign partnership.

The presidential instruction (Inpres) has been signed (by President Susilo Bambang Yudhoyono), and will be announced this week," Bank Indonesia (BI) Governor Boediono said here after attending an opening ceremony of the Indonesian Regional Investment Forum (IRIF) here on Monday.

The presidential instruction which had been prepared since few years ago, would be implemented to optimize the national economic competitiveness, Boediono said.

"Physical constructions in the field will encourage the economic activities," he said.

In order to improvement the investment climate, the government in the presidential instruction, emphasized the need to improve the
licensing process.

In the financial sector, the action program would be used for fiscal and monetary coordination, including the government`s commitment to the improvement of small-and-medium scale business financing.

"The action program will be adjusted to its matrix, such as the partnership with ASEAN, products and commodities to be developed, and targets of infrastructure construction completion," Boediono said.

The action program was one of the government`s policies made to deal with current political activity transition so that the economic growth could continue, he said.

"The action program is open to the public so that the people could monitor the government`s commitment to increasing the economic growth," he said.

The investment implementation and infrastructure development in the country have run well so far, as the Investment Coordinating Agency (BKPM) has said that investment has been increasing, he said.

Touching his task as the new BI Governor, he said that the central bank and the government would work jointly to minimize the secondary impacts of the government`s policy on fuel price hike announced on May 23, 2008.

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