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DEFINIT operates globally in conducting Research, Consulting, and Training activities. We have expertise covering from development and finance (including regional finance), early warning systems, crisis surveillance, policy intelligence with smart technology, business intelligence, economics to banking, and governance. We have experiences working with several institutions, both international and national institutions. We are professional and dedicated in providing par excellence services.


 Sample of Our Consulting Works
C The Development of Operational Technical Guidance of Financial Services for People with Disabilities
  The Government of Indonesia (GoI) has issued Presidential Regulation No. 82/2016 on National Strategy for Inclusive Finance (Strategi Nasional Keuangan Inklusif/SNKI). In SNKI, GoI set a target to reach the level of financial inclusion by 75% in 2019. Global Findex data in 2017 shows that the level of financial inclusion in Indonesia is around 48.9% in 2017. Therefore, on average, it is needed an increase of financial inclusion level by 13% in every year to achieve the target. more »
C The Study of Financial Inclusion for People with Disabilities in Indonesia
  Financial inclusion is the key of success for the development in a country. According to World Bank (2008), financial inclusion is an absence of price or non-price barriers in the use of financial services. Therefore, accessibility to the financial sector is a key point to create an inclusive financial system. more »
C Study on Financial Inclusion and Inclusive Growth in Indonesia
  Central Bureau of Statistics (BPS) data shows that the percentage and number of poor people in Indonesia has decreased from 11.47% (28 million people) in September 2013 to 10.70% (27 million people) in September 2016. However, the level of inequality in Indonesia has increased. The ratio of Gini of Indonesia increased consistently from 0.33 in 2002 to 0.40 in 2016. Therefore, there should be efforts to improve the equality of economic growth. Increased access to financial services is one way to achieve inclusive growth. One of the pillars of inclusive growth is financial inclusion (World Economic Forum, 2017). more »
C Drivers and Constraints for Adopting Sustainability Standards in Small and Medium-sized Enterprises (SMEs) and the Demand for Finance
  DEFINIT was appointed by DIE (German Development Institute, a German leading think-tank institution) and GPFI (Global Partnership for Financial Inclusion) to conduct this study. This study addressed the motivation and bottlenecks for adopting sustainability standards in SMEs linked to Global Value Chains (GVCs) and the subsequent demand for finance. The study was underpinned by five country case studies in Brazil, China, India, Indonesia and South Africa which were synthesized into a joint study by DIE. An extract of this study was incorporated as a contextual chapter into the stocktaking study of IFC on �Leveraging Financial Services for Small and Medium-sized Enterprises (SMEs) in Sustainable Global Value Chains (GVCs)�. The stocktaking study had been commissioned by the SME Finance Subgroup of the GPFI as a deliverable under the German G20 presidency. more »
C Capability Studies of Commercial Bank in Indonesia in Order to Encounter Asean Economic Community (MEA)
  The effort to improve resilience, competitiveness, and the efficiency of national banking industry are crucial to face regional and global dynamics. This can be conducted by organizing business activities adjusted to bank�s capital adequacy. In addition, Indonesian banking sector also faces a bigger challenge in 2016, which is the enactment of ASEAN Economic Community (MEA) or the upcoming single market in ASEAN regional economic. more »
C TOYOTA - Market Research on Car Ownership and Interest of Corporate Social Responsibility (CSR)
  The automotive industry has significant contribution to Indonesia in various aspects, including economic and social aspects. In terms of economic aspect, the automotive industry plays a role in increasing tax income. In terms of social aspect, the automotive industry is increasing the knowledge and the technology transfer to the society. The automotive industry also absorbs a high number of labors. In the last four years, the growth of the automotive industry was 6.5 percent (www.gaikindo.co.id). In addition, the development of various types and brands of cars has become the driving force for the growth of the automotive industry in Indonesia. more »
C Baseline Data Collection KUBE PKH
  In 2007, the Government of Indonesia started the Family Hope Program (Program Keluarga Harapan-PKH) with the purpose of improving the quality of human capital by providing cash transfers conditional on household accesses to specified health and education services. As a pilot project, PKH was implemented in seven provinces. In 2014, the PKH was expected to reach 3.2 million households in all provinces in Indonesia. more »
C Household’s Balance Sheet Survey 2013
  Financial system stability is not only influenced by real sector and government sector but also influenced by households sector. The influence of households sector could be in the form of capital inflow from households to financial sector or the demand for lending from households. Households will allocate their excess of funds into various forms of asset accumulation, including savings in formal financial institutions (banking). When household facing financial difficulties, households will try to find another source of financing, such as loans to the banking sector. more »
C Household’s Balance Sheet Survey 2012
  Household sector not only has an important role in the economy but also having a great influence on financial stability system. The influence of the household sector in the financial system can be seen from the amount of bank loans to households. Cash flow management and liquidity of households could potentially lead to the failure of households in financing their expenditure, including meet their debt obligations. more »
C Household’s Balance Sheet Survey 2011
  Household’s Balance Sheet Survey (HBSS) 2011 is one of Bank Indonesia’s programs to monitor risks at household level that could affect Indonesian financial system stability. The experience of various countries shows that households’ financial risks and problems could influence the financial stability of a country as a whole. Therefore, more regular and intensive analyses and surveillance on household’s finance development is becoming more crucial. more »
C Financial Identity Number
  Financial inclusion programs contribute to the poverty reduction, especially in developing countries. Having a higher financial inclusion could help households or enterprises to smooth their incomes, expand their business and investment opportunities, and provide buffer from shocks and unexpected risks (building financial security). Financial inclusion will enable the community to have more stable financial condition and more productive economic activities that will contribute to the improvement of their welfare. more »
C The Evaluation of TabunganKu (Basic Bank Account) Provision for Bank Customers (Existing and Potential Customers), and Bank Providers
  The Bank Indonesia’s survey on households’ balance sheet in 2010, indicates roughly 34,72% of the Indonesian households do not have any saving account (financially excluded in terms of saving). Of the total low-income households interviewed during the survey, there is an only 12.19% household with saving accounts in banks. more »

 Sample of Our Research Works
  Based on WHO data (2015), maternal mortality rate in Indonesia reached 190 per 100,000 live births. This rate is higher than most countries in Southeast Asia, such as Singapore is 18 per 100,000 live births. Based on the same source of data, life expectancy in Indonesia (i.e. 71 years old) is quite low compared to other countries. Some developed countries, such as Japan, Singapore, United Kingdom, and Germany, have life expectancy of over 80. Meanwhile, the malnutrition percentage in 0-59 months old children is 14.4% (Ministry of Health, 2017). This percentage is above the threshold set by WHO, i.e. 10%. more »
C Survey on "Empowering Women Micro-Entrepreneurs in Indonesia"
  Micro, Small and Medium Enterprises (MSMEs) are of vital importance to the socio-economic growth of a country. In Indonesia, MSME sector also contribute significantly to employment and income generation. According to the data of Indonesian Ministry of Cooperative and SME, MSMEs in Indonesia contribute almost 58 percent of real GDP in 2012. MSMEs account for more than 97 percent of total employment in 2012. Despite the high contribution to employment generation, many MSMEs face difficulties to grow and expand their business to become big enterprises. more »
C The Survey on Consumer Protection: "The Impact of Implementation of the Financial Services Authority (OJK) Regulation toward the Financial Literacy and Financial Inclusion"
  In recent years, there had been a significant increase in the development of complex financial products. The financial instruments were becoming more sophisticated. The development should be followed by the increasing concern about consumer protection in the financial services sector. The Financial Services Authority (OJK) as an independent institution that is responsible in controlling the activities of financial sectors in Indonesia is the institution that functions to regulate the consumer protection in financial services sector in Indonesia. more »
C Relationship Between Macroeconomic Variables and Financial Inclusion Variables
  Financial inclusion is defined as a process that ensures the ease of access, availability and usage of the formal financial services for all members of an economy (Sarma, 2008). According to Global Findex data (2015), Indonesia has a low financial inclusion rate, that is 20-39 percent. In terms of savings ownership, the data of Household`s Balance Sheet Survey (Survei Neraca Rumah Tangga/SNRT) 2011 by Bank Indonesia showed that 43.57 percent of Indonesian households had savings at banks. Indonesian households also had low access for loans, where there was only 19.58 percent of Indonesian households who had loan from banks (Bank Indonesia, 2011). more »
C The Effectiveness of Transaction Tariff Determination for the User of Payment System Services
  Effectiveness and continuity of the economy in a country is highly influenced by the payment system in the related country. Payment system is a system that consists of sets of rules, institutions, and mechanisms to transfer fund in order to fulfill obligations emerging from economic activities. The component of the payment system consists of payment tools; clearing mechanism up to settlement mechanism, and institutions involved in payment system activities. Institutions in this case not only bank but also non-bank financial institutions, non-bank institutions that provide fund transfer services, switching institutions, and central bank. more »
C Baseline and Comprehensive Survey for Individual and Households
  The availability of access to formal financial institutions will be able to serve as the catalyst for economic empowerment and improve the household asset ownerships. However, the Global Financial Inclusion Index shows that only 50 percent of adult population that have individual or joint financial account and more than 1.5 billion of adult population do not have formal account and access to basic financial products. The results of Household Balance Sheet Survey 2011 conducted by Bank Indonesia also show similar conclusion for the case of Indonesia. Only 43.47 percent of the surveyed households have saving account in bank. Moreover, the numbers of households that have loan from banks are very low, reaching only 19.58 of the surveyed households. more »
C Financial Literacy and Financial Utility
  The effort of improving financial literacy used to mainly conducted in developed countries. However, developing countries currently also start to focus their development policy in improving financial literacy and provision of broader financial access. One of the reasons for this development is the increasing understanding that low financial knowledge will not only have implications on the individual, but also on the economy as a whole. Increasing financial literacy will support a more stable financial system and will also encourage prudent behavior that will lead to lower financial fragility. more »
C Financing and Other Means of Implementation in the Post-2015 Context - Indonesia's Country Illustration
  The European Report on Development (ERD) is an influential and independent report that is published since 2009. It aims to stimulate debate and research on topics of major relevance for development and to enhance the European perspective in international development. The 5th European Report on Development (ERD 2015) has the theme of �Combining finance and appropriate policies to enable a transformative post-2015 development agenda�. It aims to address financing and other means of implementation in the post-2015 context in order to bring the post-2015 finance and goal setting processes together. The report will provide an overview of development finance needs and supply, and the impact other means of implementation can have on the availability and effectiveness of finance. more »
C Baseline Survey on Household Micro, Small and Medium Enterprises Investment Portfolio - An Effort to Improve Participation in Using Financial Services
  One of the characteristics of Indonesian economy is the significant role of the informal sector which mainly micro, small, and medium enterprises (MSMEs). MSMEs in Indonesia contribute 57.9 percent of the Indonesian Gross Domestic Product (GDP) and absorb 97.2 percent of labor force. However, most of the MSMEs do not have sufficient financial access. The financial and investment products that are owned by MSMEs in general are traditional financial and investment services. more »
C A Survey on Members of Saving and Loan Cooperative
  According to BPS (2013), there are 55.8 million small and medium enterprises (SMEs) in Indonesia. However, nowadays SMEs are still difficult to develop with lack of funding as the main reason. Most of SMEs funding come from financial institutions. To grow faster, SMEs need to obtain bigger access to financial institutions. more »
C Index of Financial Inclusion: Improvements, Developments, and Simulations
  Financial inclusion is one the important factor to enable a sustainable economic growth. Low financial inclusion indicates low people' participation in formal financial activity. Increase in the level of financial inclusion will improve the financial efficiency through the increase of formal financial services. This will lead to the increase of the society in conducting economic activities and to contribute in economic growth. more »
C Business Cycle Model: Coincident Economic Indicator and Leading Economic Indicator
  Macroeconomic stability and banking soundness are inexorably linked. The instability in the macro-economy is associated with the instability in banking and financial markets and the instability in these sectors is associated with the instability in the macro-economy. On a survey of 53 industrial and developing countries conducted in 1998, the International Monetary Fund (IMF) identified 54 banking crises between 1975 and 1997. These crises were accompanied by downturns (recessions) in the macro-economy of 82 percent of sample, slightly more often in emerging economies than in industrial economies. The empirical evidence for most countries suggests that the instability generally starts in the macro-economy and spills over into the banking sector. The resulting banking sector instability, in turn, feeds back and aggravates the macro instability. more »

C Determinants of the Household Liquidity Requitment in Indonesia: an Empirical Study with Data From the Household Balance Sheet Survey
  The level of liquidity in an economy affects macroeconomic and financial stability. Excessive liquidity can trigger increasing inflation, while a very low level of liquidity leaves the economy vulnerable to shocks. A variety of activities across a range of sectors affects the overall level of liquidity, including real sector activities (corporate and household) and government activities. more »
C Construction of Banking Pressure Index Model
  Stability of the financial sector is an important aspect for economic growth and stability. If the financial sector is well functioned, the financial sector, which the banking sector is one of its components, will be able to channel the funds from the surplus side to those that need the funds for productive activities. The disruption of the banking system will have a significant impact and be able to also disrupt the overall economic activities. Banking crisis is often started with a situation where banks experiencing bank rush or banks are not able to fulfill their short term liabilities. These situations will lead to the inability of the banking sector to function in an economy. more »
C Researches on Debt Management
  The important of debt management start to emerge when Indonesia was hit by Asian Crisis in 1997. The crisis has caused stagflation and high debt to GDP ratio for the Government of Indonesia (GoI). Government debt increased from US$55.3 billion before the crisis to US$137 billion at beginning of 2000. The debt to GDP ratio at that time was reaching 83 percent. more »
C Markov Switching Applications
  Strong research and testing methods are the backbone of DEFINIT and we strives to provide research-based consultancies and policy recommendations to its clients. Therefore, we keep strengthening the research and analytical capacity of its researchers through various capacity building programs and internal (in-house) research practices on the most up-to-date research methods and modeling. more »

 Sample of Our Training Works
C “Training Quantitative Method for Analyst 1” Coordinating Ministry for Economic Affairs
  In the current development, decision making cannot be separated from the quantitative analysis. Quantitative analysis will provide information on current conditions that can help decision makers to map or develop alternative policies or decisions in accordance with the real conditions. However, if quantitative analysis is not carried out using the right methodology, then the analysis can provide inappropriate or even wrong direction of recommendations. Therefore, it is very important for the parties who involved in the decision making process to have good quantitative analytical skills. more »
C Credit Rating and Scoring untuk Meningkatkan Kesuksesan Pemberian Kredit Perbankan
  Pemberian kredit merupakan salah satu aktivitas utama lembaga keuangan. Kredit juga merupakan mesin pertumbuhan sektor riil melalui dukungan permodalan bagi masyarakat, terutama sektor usaha. Selama ini, proses persetujuan kredit menghadapi kendala informasi asimetris yang menyebabkan proses penilaian risiko dan Know Your Customer (KYC) secara konvensional membutuhkan waktu lama dan biaya tinggi. Hal ini menyebabkan penetrasi layanan perbankan menjadi kurang optimal. more »
C “Time Series and Panel Data for Practitioners”
  Time Series and Data Panel for Practitioners Training didesain untuk membantu peserta dalam mengelola, mengolah, dan menganalisis data untuk menghasilkan kesimpulan yang tepat dan memformulasikan rekomendasi kebijakan yang aplikatif.

Peserta akan dibekali bagaimana menerjemahkan informasi yang mereka miliki menjadi strategi yang praktis dan sesuai dengan dunia nyata sehingga dapat memberikan keunggulan yang konkret.
more »
C Gathering of Movement of Financial Access Assistance in Rural Areas
  DEFINIT organized the “Gathering of Movement of Financial Access Assistance in Rural Areas” at DEFINIT's office, by inviting the Representative Office of Bank Indonesia (KPwBI) Yogyakarta, the Financial Services Authority (OJK) Yogyakarta, Bank Partner Financial Consultant (KKMB) Yogyakarta, and observers of SMEs empowerment. The event aims to establish a strong relationship between these institutions and the parties related to the community and SMEs development in Yogyakarta. It is expected that through this event, a better cooperation and synergies between institutions will be established, in order to broaden the impact and their roles for the community and SMEs. more »
C Workshop Building the People's Economy : Innovative Breakthrough in Leadership and Local Economic Development
  DEFINIT, in collaboration with People's Economic Dashboard the Faculty of Economics and Business Gadjah Mada University (DEK FEB UGM), Committee for the Acceleration and Expansion of Indonesian Economic Development (KP3EI), and IBM organized a workshop on Building the People's Economy: Innovative Breakthrough in Leadership and Local Economic Development at the Magister Management Auditorium, Gadjah Mada University. more »
C Quantitative Method for Decision Making Training
  DEFINIT regularly arranges trainings and capacity building programs for decision makers. One of the trainings is “Quantitative Methods for Decision Making Training” (QMDM Training). The QMDM training is specifically designed for decision makers in local governments or those involved in decision making process in local government, local development planning, and budget planning. The training is also very suitable to students studying local economic development and related subjects. more »
C Public Finance Management Series
  DEFINIT regularly arranges trainings and capacity building programs for decision makers, one of which is “Public Finance Management Training” (PFM Training). The PFM training is designed for those involved in public finance management in local government (financial planning, financial implementation, and financial reporting). The training is very suitable to local government and students studying local economic development and related subjects. more »
C Managing Global Governance in Asia
  DEFINIT, in collaboration with BMZ , GIZ , DIE , and Bank Indonesia , has successfully organized the first Managing Regional and Global Governance (MRGG) Workshop in Asia with the theme “Managing Regional and Global Governance in Asia: Opportunities and Challenges for the ASEAN Economic Community (AEC)”. more »
C Regional Dialogue between Local Government and Local Legislatures
  DEFINIT has been actively involving in developing the capacity of local decision makers (local governments and local legislatures) through the programs of training, workshops, seminars, and dialogue. more »
C Strategic Dialogue for Policy Making in Achieving MDGs
  Achieving the Millennium Development Goals (MDGs) is one of the global community’s commitments to improve the welfare and quality of life in every country. more »
C The Evaluation of Fiscal Decentralization Implementation
  DEFINIT in collaboration with GIZ and ADKASI has organized a dialogue inviting local governments and local parliaments in Indonesia. The dialogue was carried out in the form of National Seminar and Workshop on The Evaluation and Prospects of Fiscal Decentralization Implementation within the Framework of Roles-Authority Sharing between Central and Local Governments in Mercure Rekso Hotel, Jakarta. more »
C National Seminar on the Concept of Nationality Developing Social Solidarity Cadres that Represent Indonesian Characters
  DEFINIT actively takes part in suppporting Indonesia social development through trainings, workshops, seminars, and dialogues. more »
C NATIONAL SEMINAR AND WORKSHOP: The Evaluation and Prospects of Fiscal Decentralization Implementation within the Framework of Roles-Authority Sharing between Central and Local Governments
  DEFINIT in collaboration with GIZ and ADKASI has organized a dialogue inviting local governments and local parliaments in Indonesia. more »

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