Privatizing Indonesia

Minister of State Owned Enterprises, Laksmana Sukardi, discusses the future of Indonesia''s privatization programme.

How satisfied are you with the progress you have made in the last two years privatizing state owned companies

In terms of meeting our targets, not just the financial proceeds of privatization, but also in terms of the multiplier effect and the stimulus given to the economy, it has been tremendous. Last year was a great year for us because of privatization, not just of state owned enterprises SOEs but also of IBRA assets and the banks. These sales brought capital back into our economy. Foreign exchange reserves have increased dramatically and that has led to the stability of our currency. Also the banks are now the healthiest banks in the global...

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