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View all search resultsThe decision to push through a massive budget for the free nutritious meal program reflects misplaced priorities, as the program has yet to show clear benefits in its first year while other critical policies remain underfunded.
Growing concern about debt levels in developed economies could see some bond investors look to emerging market issuances as an alternative, but in Indonesia, they will want answers about the new finance minister and the burden-sharing scheme with Bank Indonesia (BI).
According to the World Bank, the introduction of the SRBI has had unintended consequences of crowding out government borrowing, as commercial banks have reduced their holdings of government securities and turned toward BI’s new securities.
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