World Economic Forum 2024: BRI Highlights Ultra-Micro Holding's Role in Driving Inclusive Growth [Yahoo! Finance]
BANK RAKYAT UNSP/ADR B (BKRKY)
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Source: Yahoo! Finance
Forum (WEF) 2024 , held in Davos , from January 15 to 19, 2024 . During this event, Sunarso addressed critical topics pertinent to BRI, focusing on fostering inclusive economic growth and employment opportunities. While Indonesia is poised to become a high-income country by 2041, global economic challenges have hindered its progress, resulting in stagnant economic growth, limited national credit expansion, and persistent extreme poverty rates. To tackle these challenges, Sunarso emphasized the need to establish an inclusive economic growth engine. BRI, a state-owned enterprise, recognizes the value of profitability, which can be reinvested to drive social impact and stimulate economic growth. BRI's commitment to inclusive growth is evident through the Ultra Micro Holding initiative, which includes BRI, Pengadaian, and PNM. By December 2023 , this initiative integrated 37 million borrowers, reducing the number without financial access from 30 million in 2018 to around 14 million in
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