Jakarta, Feb. 23 -- Indonesia needs to transform its economy to escape the middle-income trap and achieve the Golden Indonesia vision by 2045, according to Minister of National Development Planning (PPN) Rachmat Pambudi.

He supported his call for economic transformation by noting that Indonesia's economic growth rate has hovered around 5 percent for the past two decades, preventing the country from attaining high-income status.

Pambudi made these remarks during a meeting with representatives of the Asian Productivity Organization (APO) in Jakarta, according to a statement from the PPN Ministry issued on Sunday.

He noted that the ministry and APO signed a letter of intent last year to initiate the formulation of the National Productivit...