The Acceleration of Digitalization
IFC Managing Director Makhtar Diop's visit to Indonesia focused on unlocking the potential of the digital economy

Indonesia is the largest economy in Southeast Asia and the world’s fourth-most-populous country, with an estimated population of 273 million people spread across thousands of islands, which stretch from the Indian to the Pacific Ocean.
In the past decade, the country has grown faster than any other $1 trillion-plus economy bar China and India. A key source of this economic dynamism has been digital services within the country, which are creating a domestic consumer market where over 100 million people spend over $80 billion a year on everything from e-payments to apps for on-demand delivery. This has resulted in Indonesia becoming the largest and fastest growing digital economy in Southeast Asia, which is on track to be worth $130 billion by 2025.
In May 2023, IFC Managing Director Makhtar Diop visited the country to strengthen existing partnerships and continue to support the country's development towards a bright and sustainable future.
Photos by Eka Nickmatulhuda.
IFC is committed to promoting sustainable and inclusive economic growth in 🇮🇩Indonesia. Learn more about how we are working to create opportunities for people and businesses in one of the most dynamic economies in the world. pic.twitter.com/2PM8uejjGl
— IFC (@IFC_org) May 15, 2023


Digitalization is reshaping #Indonesia's development, empowering SMEs, and revolutionizing agriculture. My op-ed for the @jakpost offers a perspective on what can be done to fully unlock the potential of the digital economy: https://t.co/9nNoFX6w1E
— Makhtar Diop (@Diop_IFC) May 16, 2023





Terima Kasih #Indonesia! I recently wrapped up a fruitful 4-day mission filled with meetings with gov officials and business leaders. Indonesia is a vibrant economy at the center of the climate agenda and IFC is fully committed to expanding its program in the country. pic.twitter.com/oEIlelf2hv
— Makhtar Diop (@Diop_IFC) May 19, 2023