Indonesia : Private Sector Development Strategy

Indonesia : Private Sector Development Strategy

The report reviews the Bank's private sector development strategy in Indonesia, stipulating that the country's potential will not be realized without a pattern of private sector activity, - different from the past - but, taking the opport...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTING ADB AGGREGATE DEMAND AGRICULTURE ASSET MANAGEMENT ASSET SALES ASSETS AUDITS AUTHORITY BANK CAPITAL BANK DEPOSITS BANK INDONESIA BANK LENDING BANK RECAPITALIZATION BANK RESTRUCTURING BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEEDINGS BANKS BENCHMARKING BONDS BOOK VALUE BORROWING BTO CAPITAL ADEQUACY CAPITAL INFLOWS CAPITAL MARKETS CAR CASH FLOWS CENTRAL BANK COLLUSION COMMERCIAL BANKS COMPARATIVE ADVANTAGE COMPETITION LAW COMPETITION POLICY CORPORATE FINANCIAL STRUCTURE CORPORATE GOVERNANCE CORPORATE RESTRUCTURING CORPORATE SECTOR CORRUPTION COURT SYSTEM CURRENCY DEPRECIATION DEBT DEBT OVERHANG DEBT RESTRUCTURING DECENTRALIZATION DECENTRALIZATION PROCESS DEPOSITS DEVALUATION DEVELOPMENT STRATEGY ECONOMIC GROWTH ECONOMIC POWER ECONOMIC REFORM ECONOMIC STRUCTURE EMPLOYMENT ENABLING ENVIRONMENT ENFORCEMENT OF REGULATIONS EXPORTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL LIBERALIZATION FINANCIAL MARKETS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STRUCTURE FINANCIAL SYSTEM FISCAL FISCAL RESOURCES FISCAL YEAR FOREIGN BANKS FOREIGN BORROWING FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN TRADE GDP GNP GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HUMAN RESOURCES INCENTIVE FRAMEWORK INFORMAL SECTOR INFORMATION DISCLOSURE INSOLVENT INTEREST RATES INVESTMENT CLIMATE JUDICIAL REFORM KNOWLEDGE ECONOMY LACK OF TRANSPARENCY LEGAL FRAMEWORK LEGAL SYSTEM LIQUIDITY LOCAL FINANCIAL INSTITUTIONS MERGERS MINISTRY OF FINANCE MONOPOLIES NATIONALIZED BANKS PENSIONS POLITICAL INSTABILITY POLITICIANS POOR GOVERNANCE PORTFOLIOS PRIVATE BANKS PRIVATIZATION PRODUCTIVE ASSETS PROFITABILITY PROPERTY RIGHTS PRUDENTIAL REGULATIONS PUBLIC ADMINISTRATION PUBLIC SECTOR PUBLIC SERVICES REGIONAL DEVELOPMENT BANKS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY SYSTEM REGULATORY SYSTEMS RISK MANAGEMENT SECURITIES SHAREHOLDERS SOCIAL INFRASTRUCTURE SOCIAL SECTORS SOCIAL SERVICES STATE BANKING STATE BANKS STATE ENTERPRISES STATE OWNERSHIP STATE POWER STATE-OWNED ENTERPRISES STOCK EXCHANGES SUPERVISORY FRAMEWORK TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TIME DEPOSITS TRANSPARENCY TRANSPORT TRUST FUND TRUST FUNDS URBAN DEVELOPMENT VALUE ADDED VENTURE CAPITAL VULNERABILITY WEALTH WORKING CAPITAL PRIVATE SECTOR DEVELOPMENT PRIVATIZATION CRITERIA CHANGE OF VENUE BUSINESS ENVIRONMENT SMALL & MEDIUM SCALE ENTERPRISES BUSINESS MANAGEMENT BANKING SECTOR REFORMS CORPORATE DEBT FINANCIAL FLOWS INVESTMENT EFFECTIVENESS WORKING CAPITAL STRUCTURAL ADJUSTMENT STRUCTURAL REFORMS MARKET ECONOMY RULE OF LAW COURT ADMINISTRATION DISPUTE RESOLUTION PHYSICAL INFRASTRUCTURE SOCIAL DEVELOPMENT INFRASTRUCTURE REGULATION INFORMATION TECHNOLOGY COMMUNICATIONS DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/2001/01/828314/indonesia-private-sector-development-strategy http://hdl.handle.net/10986/14959

Description
Summary:	The report reviews the Bank's private sector development strategy in Indonesia, stipulating that the country's potential will not be realized without a pattern of private sector activity, - different from the past - but, taking the opportunity offered by the crisis to make fundamental changes in the business environment, and in how business is conducted. The first priority calls for the banking, and corporate sectors to speed up the resolution of corporate debt, and ease financial flows for investment, and working capital to resume. Second, the structural inefficiencies, partly conducive to the crisis, and to its long lasting effect, need to be overcome; therefore, reforms should enable Indonesia to become a modern market economy, able to avoid future crises. This encompasses fighting corruption in the public administration, ensuring the rule of law through the court system, reinforcing property rights, and dispute resolution mechanisms, and, ensuring transparency and corporate governance. Third, broad-based, and sustainable economic growth need to be ensured by measures such as removal of obstacles to small, and medium enterprise (SME) activity, as well as SME development promotion, including physical, and social infrastructure building. Finally, the creation of an infrastructure, and regulatory framework to take full advantage of new information/communications technologies, is paramount.

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