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Housing in Indonesia is unaffordable, according to Finance Minister Sri Mulyani Indrawati. The bottom 40 percent cannot access the formal housing market at all.
Millions of poor rural Indonesians will have the necessary legal certainty to invest in those lands and forests.
The figures vary between 3.4 percent in Jakarta and 27.2 percent in Papua.
However, is a single-digit poverty rate a cause for celebration?
As Indonesia is hosting this year’s IMF-Word Bank’s annual meetings in Bali this October, a stronger involvement with CSOs and youth needs invigorating and revisiting.
In Southeast Asian countries, indicators of inequality have been rising over the past 15 years.
The richest 10 percent of Indonesians owned an estimated 77 percent of all the country’s wealth.
The World Bank will celebrate its 74th anniversary in July, this year. It is therefore high time to remind the main goal of its establishment as appears on its motto ‘Working for a World Free of Poverty’.
Women’s potential in eliminating socioeconomic inequality is still hugely untapped and oftentimes neglected. The role of women in economic development has been insufficiently valued.
Inclusive growth is also vital to sustainable development. The government has succeeded in reducing inequality, but not as fast as public expectations.