Indonesia : Maintaining Stability, Deepening Reforms

Indonesia experienced another year of modest growth amidst a hesitant global recovery, and a deteriorating investment climate. Significant progress was made in democratization, macroeconomic stability and fiscal sustainability, but growth did not p...

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Main Author:	World Bank
Format:	Development Policy Review (DPR)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ANTI-CORRUPTION AUTHORITY AUTHORIZATION BALANCE OF PAYMENTS BONDS BUDGET DEFICIT BUREAUCRACY CENTRAL BANK CENTRAL GOVERNMENT CLIMATE CHANGE COAL CONSUMER PRICE INDEX CORRUPTION PERCEPTIONS CPI CURRENCY UNIT DEBT DECENTRALIZATION DECREE DEMOCRATIZATION DEVELOPMENT GOALS ECONOMIC OUTLOOK FINANCIAL INSTITUTION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL VIABILITY FISCAL FISCAL SUSTAINABILITY FORECASTS FOREIGN DIRECT INVESTMENT FREE TRADE GDP GOVERNANCE REFORM GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT INCOME INCOME MEASURES INEFFICIENCY INFLATION INFORMAL SECTOR INTEREST RATES INTERNATIONAL TRADE INVESTMENT CLIMATE JUDICIARY LABOR FORCE LABOR MARKET LABOR MARKET FLEXIBILITY LEGAL SYSTEM LEVELS OF GOVERNMENT LIQUIDITY MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC STABILITY MINIMUM WAGES MINISTRY OF FINANCE NATIONAL DEVELOPMENT NATIONAL FRAMEWORK NATIONAL PLANNING NATIONAL POVERTY NATIONAL POVERTY REDUCTION STRATEGIES NATIONS PERCEPTIONS INDEX POLICY DECISIONS POLICY DIRECTIONS POLITICAL STABILITY POLITICIANS POVERTY LINE POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY TRENDS PRESIDENCY PRICE CHANGES PRICE INCREASES PRIORITY AREAS PRODUCTIVITY PUBLIC ACTION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC PROCUREMENT PUBLIC PROSECUTION REGULATORY AUTHORITY REPRESENTATIVES RISK PREMIUM RULE OF LAW SAFETY NET SAVINGS SECTOR POLICY STATE ASSETS STATE BANKS STATE BUDGET STATE-OWNED ENTERPRISES STRUCTURAL REFORMS TASK TEAM LEADER TAX BASE TAXATION TERMS OF TRADE TTL UNEMPLOYMENT VALUE ADDED WAGES WEALTH WORLD TRADE ORGANIZATION WTO MACROECONOMIC STABILIZATION POVERTY REDUCTION STRATEGIES SERVICE DELIVERY PUBLIC EXPENDITURES POVERTY ANALYSIS EMPOWERMENT POLITICAL ENVIRONMENT INVESTMENT ENVIRONMENT CORRUPTION IN POLITICS TAX ADMINISTRATION CUSTOMS ADMINISTRATION JUDICIAL REFORM LABOR DISPUTES TERRORIST GROUPS SECURITY MEASURES INSTITUTIONAL REFORM
Online Access:	http://documents.worldbank.org/curated/en/2003/01/2461475/indonesia-maintaining-stability-deepening-reforms http://hdl.handle.net/10986/14631

id	okr-10986-14631
recordtype	oai_dc
spelling	okr-10986-146312021-04-23T14:03:16Z Indonesia : Maintaining Stability, Deepening Reforms World Bank ANTI-CORRUPTION AUTHORITY AUTHORIZATION BALANCE OF PAYMENTS BONDS BUDGET DEFICIT BUREAUCRACY CENTRAL BANK CENTRAL GOVERNMENT CLIMATE CHANGE COAL CONSUMER PRICE INDEX CORRUPTION PERCEPTIONS CPI CURRENCY UNIT DEBT DECENTRALIZATION DECREE DEMOCRATIZATION DEVELOPMENT GOALS ECONOMIC OUTLOOK FINANCIAL INSTITUTION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL VIABILITY FISCAL FISCAL SUSTAINABILITY FORECASTS FOREIGN DIRECT INVESTMENT FREE TRADE GDP GOVERNANCE REFORM GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT INCOME INCOME MEASURES INEFFICIENCY INFLATION INFORMAL SECTOR INTEREST RATES INTERNATIONAL TRADE INVESTMENT CLIMATE JUDICIARY LABOR FORCE LABOR MARKET LABOR MARKET FLEXIBILITY LEGAL SYSTEM LEVELS OF GOVERNMENT LIQUIDITY MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC STABILITY MINIMUM WAGES MINISTRY OF FINANCE NATIONAL DEVELOPMENT NATIONAL FRAMEWORK NATIONAL PLANNING NATIONAL POVERTY NATIONAL POVERTY REDUCTION STRATEGIES NATIONS PERCEPTIONS INDEX POLICY DECISIONS POLICY DIRECTIONS POLITICAL STABILITY POLITICIANS POVERTY LINE POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY TRENDS PRESIDENCY PRICE CHANGES PRICE INCREASES PRIORITY AREAS PRODUCTIVITY PUBLIC ACTION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC PROCUREMENT PUBLIC PROSECUTION REGULATORY AUTHORITY REPRESENTATIVES RISK PREMIUM RULE OF LAW SAFETY NET SAVINGS SECTOR POLICY STATE ASSETS STATE BANKS STATE BUDGET STATE-OWNED ENTERPRISES STRUCTURAL REFORMS TASK TEAM LEADER TAX BASE TAXATION TERMS OF TRADE TTL UNEMPLOYMENT VALUE ADDED WAGES WEALTH WORLD TRADE ORGANIZATION WTO MACROECONOMIC STABILIZATION POVERTY REDUCTION STRATEGIES SERVICE DELIVERY PUBLIC EXPENDITURES POVERTY ANALYSIS EMPOWERMENT POLITICAL ENVIRONMENT INVESTMENT ENVIRONMENT CORRUPTION IN POLITICS BUREAUCRACY TAX ADMINISTRATION CUSTOMS ADMINISTRATION DECENTRALIZATION JUDICIAL REFORM LABOR DISPUTES TERRORIST GROUPS SECURITY MEASURES FISCAL SUSTAINABILITY TERMS OF TRADE STRUCTURAL REFORMS INSTITUTIONAL REFORM Indonesia experienced another year of modest growth amidst a hesitant global recovery, and a deteriorating investment climate. Significant progress was made in democratization, macroeconomic stability and fiscal sustainability, but growth did not pick up and progress in poverty reduction stalled. Growth remained largely consumption driven, as investors increasingly felt the pinch of a cooling investment climate and a weak legal system. The Bali bombing threatened to sink hopes for higher growth, but that risk has been mitigated thanks to the remarkable resolve the Government has shown in the aftermath of the tragedy. The swift action on security, a fiscal stimulus, and acceleration of structural reforms are likely to limit the damage of the attack. That same resolve should now be used to pursue the reforms that can accelerate growth, create jobs, and further reduce poverty. The Government must move now, before the elections distract politicians, or tempt them into taking popular, but harmful measures such as those recently taken in trade. The Government should stay the course on macroeconomic policies, maintain fiscal sustainability, revamp the investment climate and rebuild the broken institutions in the legal system. 2013-07-26T22:32:12Z 2013-07-26T22:32:12Z 2003-01 http://documents.worldbank.org/curated/en/2003/01/2461475/indonesia-maintaining-stability-deepening-reforms http://hdl.handle.net/10986/14631 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Development Policy Review (DPR) Economic & Sector Work East Asia and Pacific Indonesia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ANTI-CORRUPTION AUTHORITY AUTHORIZATION BALANCE OF PAYMENTS BONDS BUDGET DEFICIT BUREAUCRACY CENTRAL BANK CENTRAL GOVERNMENT CLIMATE CHANGE COAL CONSUMER PRICE INDEX CORRUPTION PERCEPTIONS CPI CURRENCY UNIT DEBT DECENTRALIZATION DECREE DEMOCRATIZATION DEVELOPMENT GOALS ECONOMIC OUTLOOK FINANCIAL INSTITUTION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL VIABILITY FISCAL FISCAL SUSTAINABILITY FORECASTS FOREIGN DIRECT INVESTMENT FREE TRADE GDP GOVERNANCE REFORM GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT INCOME INCOME MEASURES INEFFICIENCY INFLATION INFORMAL SECTOR INTEREST RATES INTERNATIONAL TRADE INVESTMENT CLIMATE JUDICIARY LABOR FORCE LABOR MARKET LABOR MARKET FLEXIBILITY LEGAL SYSTEM LEVELS OF GOVERNMENT LIQUIDITY MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC STABILITY MINIMUM WAGES MINISTRY OF FINANCE NATIONAL DEVELOPMENT NATIONAL FRAMEWORK NATIONAL PLANNING NATIONAL POVERTY NATIONAL POVERTY REDUCTION STRATEGIES NATIONS PERCEPTIONS INDEX POLICY DECISIONS POLICY DIRECTIONS POLITICAL STABILITY POLITICIANS POVERTY LINE POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY TRENDS PRESIDENCY PRICE CHANGES PRICE INCREASES PRIORITY AREAS PRODUCTIVITY PUBLIC ACTION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC PROCUREMENT PUBLIC PROSECUTION REGULATORY AUTHORITY REPRESENTATIVES RISK PREMIUM RULE OF LAW SAFETY NET SAVINGS SECTOR POLICY STATE ASSETS STATE BANKS STATE BUDGET STATE-OWNED ENTERPRISES STRUCTURAL REFORMS TASK TEAM LEADER TAX BASE TAXATION TERMS OF TRADE TTL UNEMPLOYMENT VALUE ADDED WAGES WEALTH WORLD TRADE ORGANIZATION WTO MACROECONOMIC STABILIZATION POVERTY REDUCTION STRATEGIES SERVICE DELIVERY PUBLIC EXPENDITURES POVERTY ANALYSIS EMPOWERMENT POLITICAL ENVIRONMENT INVESTMENT ENVIRONMENT CORRUPTION IN POLITICS BUREAUCRACY TAX ADMINISTRATION CUSTOMS ADMINISTRATION DECENTRALIZATION JUDICIAL REFORM LABOR DISPUTES TERRORIST GROUPS SECURITY MEASURES FISCAL SUSTAINABILITY TERMS OF TRADE STRUCTURAL REFORMS INSTITUTIONAL REFORM
spellingShingle	ANTI-CORRUPTION AUTHORITY AUTHORIZATION BALANCE OF PAYMENTS BONDS BUDGET DEFICIT BUREAUCRACY CENTRAL BANK CENTRAL GOVERNMENT CLIMATE CHANGE COAL CONSUMER PRICE INDEX CORRUPTION PERCEPTIONS CPI CURRENCY UNIT DEBT DECENTRALIZATION DECREE DEMOCRATIZATION DEVELOPMENT GOALS ECONOMIC OUTLOOK FINANCIAL INSTITUTION FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL VIABILITY FISCAL FISCAL SUSTAINABILITY FORECASTS FOREIGN DIRECT INVESTMENT FREE TRADE GDP GOVERNANCE REFORM GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT INCOME INCOME MEASURES INEFFICIENCY INFLATION INFORMAL SECTOR INTEREST RATES INTERNATIONAL TRADE INVESTMENT CLIMATE JUDICIARY LABOR FORCE LABOR MARKET LABOR MARKET FLEXIBILITY LEGAL SYSTEM LEVELS OF GOVERNMENT LIQUIDITY MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC STABILITY MINIMUM WAGES MINISTRY OF FINANCE NATIONAL DEVELOPMENT NATIONAL FRAMEWORK NATIONAL PLANNING NATIONAL POVERTY NATIONAL POVERTY REDUCTION STRATEGIES NATIONS PERCEPTIONS INDEX POLICY DECISIONS POLICY DIRECTIONS POLITICAL STABILITY POLITICIANS POVERTY LINE POVERTY REDUCTION POVERTY REDUCTION STRATEGY POVERTY TRENDS PRESIDENCY PRICE CHANGES PRICE INCREASES PRIORITY AREAS PRODUCTIVITY PUBLIC ACTION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC PROCUREMENT PUBLIC PROSECUTION REGULATORY AUTHORITY REPRESENTATIVES RISK PREMIUM RULE OF LAW SAFETY NET SAVINGS SECTOR POLICY STATE ASSETS STATE BANKS STATE BUDGET STATE-OWNED ENTERPRISES STRUCTURAL REFORMS TASK TEAM LEADER TAX BASE TAXATION TERMS OF TRADE TTL UNEMPLOYMENT VALUE ADDED WAGES WEALTH WORLD TRADE ORGANIZATION WTO MACROECONOMIC STABILIZATION POVERTY REDUCTION STRATEGIES SERVICE DELIVERY PUBLIC EXPENDITURES POVERTY ANALYSIS EMPOWERMENT POLITICAL ENVIRONMENT INVESTMENT ENVIRONMENT CORRUPTION IN POLITICS BUREAUCRACY TAX ADMINISTRATION CUSTOMS ADMINISTRATION DECENTRALIZATION JUDICIAL REFORM LABOR DISPUTES TERRORIST GROUPS SECURITY MEASURES FISCAL SUSTAINABILITY TERMS OF TRADE STRUCTURAL REFORMS INSTITUTIONAL REFORM World Bank Indonesia : Maintaining Stability, Deepening Reforms
geographic_facet	East Asia and Pacific Indonesia
description	Indonesia experienced another year of modest growth amidst a hesitant global recovery, and a deteriorating investment climate. Significant progress was made in democratization, macroeconomic stability and fiscal sustainability, but growth did not pick up and progress in poverty reduction stalled. Growth remained largely consumption driven, as investors increasingly felt the pinch of a cooling investment climate and a weak legal system. The Bali bombing threatened to sink hopes for higher growth, but that risk has been mitigated thanks to the remarkable resolve the Government has shown in the aftermath of the tragedy. The swift action on security, a fiscal stimulus, and acceleration of structural reforms are likely to limit the damage of the attack. That same resolve should now be used to pursue the reforms that can accelerate growth, create jobs, and further reduce poverty. The Government must move now, before the elections distract politicians, or tempt them into taking popular, but harmful measures such as those recently taken in trade. The Government should stay the course on macroeconomic policies, maintain fiscal sustainability, revamp the investment climate and rebuild the broken institutions in the legal system.
format	Economic & Sector Work :: Development Policy Review (DPR)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Indonesia : Maintaining Stability, Deepening Reforms
title_short	Indonesia : Maintaining Stability, Deepening Reforms
title_full	Indonesia : Maintaining Stability, Deepening Reforms
title_fullStr	Indonesia : Maintaining Stability, Deepening Reforms
title_full_unstemmed	Indonesia : Maintaining Stability, Deepening Reforms
title_sort	indonesia : maintaining stability, deepening reforms
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2003/01/2461475/indonesia-maintaining-stability-deepening-reforms http://hdl.handle.net/10986/14631
_version_	1764428108820119552

Indonesia : Maintaining Stability, Deepening Reforms

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