Strengthen Aceh’s Patchouli Oil Sector with Digital Innovation and Financial Inclusion

Participants of the National Dialogue on Strengthening the Regional Economic Sector through Essential Oil Commodities and Access to Finance in Aceh (16/10) Copyright ILO Jakarta/2024 Press release ILO together with the Financial Services Authority (OJK) Office in Aceh, and the Coordinating Ministry for Economic Affairs held a “National Dialogue on Strengthening the Regional Economic Sector through Essential Oil Commodities and Access to Finance” to strengthen financial inclusion and digital transformation in Aceh’s patchouli oil sector. BANDA ACEH (Press release) – The International Labour Organization (ILO), in collaboration with the Financial Services Authority (OJK) Office in Aceh, and the Coordinating Ministry for Economic Affairs as the Secretariat of the National Council for Financial Inclusion (DNKI), is accelerating efforts to enhance financial inclusion and digitize the patchouli oil sector in Aceh. ILO through the Promise II Impact Project, funded by the Swiss State Secretariat for Economic Affairs (SECO), has encouraged the development of a new value chain ecosystem in the Aceh Patchouli Oil sector and strengthened it with a digital Enterprise Resource Planning system. This initiative aligns with Indonesia’s National Strategy for Inclusive Finance (SNKI), as outlined in Presidential Decree 114 of 2020. The Regional Financial Access Acceleration Team (TPAKD) Forum, […]

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