TheJakartaPost
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One year in, Jakarta’s "more colorful" makeover is facing a gray reality of systemic waste and stagnant flood mitigation. With the honeymoon over, the city’s 11 million residents are waiting to see if their governor will finally tackle the perennial problems lurking behind the populist wins.
Just under a week since he was sworn in last Thursday, the ex-Bank Indonesia deputy governor is setting his sights accelerated state spending this quarter to reach up to 5.6 percent growth from an initial 5.5 percent target.
Incoming Bank Indonesia (BI) deputy governor Thomas “Tommy” Djiwandono has suggested ending the so-called burden-sharing scheme between the government and the central bank but wants to harmonize fiscal and monetary policies in other ways to push economic growth.
