How Indonesia is slowly cutting its nightmare red tape

Solid growth and an encouraging economic outlook make Indonesia attractive. But one key facet is still dragging on the economy, former finance minister Muhamad Chatib Basri says.

Ahead of a general election scheduled for Aril 2019, Indonesia’s economy under President Joko Widodo continues to have a positive, though more measured, outlook according to a World Bank report in June.

Reforms introduced by Widodo’s economic team headed by award-winning Finance Minister Sri Mulyani Indrawati have helped reduced the country’s debt by 50% over the last five years, while Indonesia's foreign exchange reserves have hit $120 billion, according to the the central bank.  

But one critical element that has been a thorn in the government’s side remains, despite the best efforts of the government getting deals approved by both central and local governments...

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