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View all search resultsThe good news is that critical structural economic reforms, which are far more consequential to Indonesia’s investment climate and long-term growth potential, are likely back in play. Since the election, the soundbytes from President Joko “Jokowi” Widodo are encouraging. Although these statements are usually met with skepticism, this time may be different, for two reasons.
With only 11 years left to achieve the 2030 Agenda, the essential question for Indonesia is the following: Can the country — with a resilient growth and a largely natural resource-based economy — accelerate progress to meet the goals and make the needed transition to a sustainable development path for the whole archipelago?
Set against the global economic downturn and rising protectionist trend, President Joko “Jokowi” Widodo presented to the House of Representatives a 2020 draft state budget that is rightly designed to focus on maintaining macroeconomic stability and mitigating downside risk from external factors.
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