The Jakarta Post
Show of sympathy: International Monetary Fund managing director Christine Lagarde visits earthquake victims in Guntur Macan village in Gunungsari district, West Lombok, West Nusa Tenggara, on Monday. During the visit, Lagarde interacted with local residents.(JP/Panca Nugraha)When it comes to infrastructure development, Finance Minister Sri Mulyani Indrawati seems to be skeptical about the Javanese saying alon-alon asal kelakon (slowly does it), as she wants to break the tradition of relying too much on the cash-strapped state budget to build the country.
By reaching out to the private sector for sources of funds, she believes that infrastructure development in Indonesia will move faster and help spur economic growth.
“If we are looking at the evolution of development financing, we have been so heavily relying on the state budget despite having so many funds available outs...