Indonesian Minister of Cooperatives, Ferry Juliantono, announced that President Prabowo Subianto aims to operate approximately 30,000 cooperatives by July 2026, in a move intended to enhance the local economy. This announcement comes as part of the government's efforts to promote economic development in villages.
During his participation in a national coordination meeting for the Ministry of Cooperatives in Jakarta, Juliantono confirmed that the president seeks to prepare 30,000 buildings including warehouses, shops, and facilities necessary for operating these cooperatives. He noted that this number of cooperatives would be the largest in the world.
Details of the Initiative
Currently, construction is underway for 37,327 cooperatives across Indonesia, with 8,927 cooperatives already fully completed. A symbolic launch of 1,061 cooperatives is scheduled for May 16, 2026, in Nganjuk, East Java.
This launch will coincide with President Prabowo Subianto's visit to Nganjuk to inaugurate the Marsina Museum. Following this, the president will visit the new cooperatives to celebrate their commencement.
Background & Context
Cooperatives are a vital part of the Indonesian economy, playing an important role in enhancing economic and social development in rural areas. Historically, Indonesia has witnessed significant growth in the number of cooperatives, which has helped improve the living standards of local populations.
The Indonesian government aims to bolster this growth by providing necessary support to cooperatives, including funding and training, contributing to the achievement of sustainable development goals.
Impact & Consequences
This initiative is a significant step towards strengthening the local economy in Indonesia, as it will contribute to creating new job opportunities and improving living standards in villages. Additionally, operating such a large number of cooperatives will help foster cooperation among local communities.
This move is expected to lead to increased productivity and enhanced innovation in the agricultural sector and small industries, thereby contributing to sustainable development.
Regional Significance
The establishment of these cooperatives is anticipated to have a profound impact on the rural economy, facilitating a more robust economic framework that can withstand global challenges. By promoting local entrepreneurship, these cooperatives will empower communities and enhance their resilience.
In conclusion, the initiative to launch 30,000 cooperatives represents a strategic effort to uplift the economic landscape of Indonesia, ultimately improving the living conditions of its citizens.