Jakarta, July 12 -- Indonesian President Prabowo Subianto noted that the Red and White Village Cooperatives are projected to boost people's prosperity by up to Rp223 trillion annually through strengthening village economies and streamlining supply chains.

"We project that the cooperatives can improve people's prosperity by Rp223 trillion (approximately US$12.3 billion) each year, with that money circulating directly within the villages," Prabowo said at the main celebration of the 79th National Cooperative Day in Jakarta on Sunday.

Prabowo added that the village cooperatives are also estimated to increase producers' incomes by up to Rp202 trillion per year, particularly benefiting farmers, livestock breeders, and fishers through village...