Publication: Indonesia : Private Sector Development Strategy
Date
2001-01-04
ISSN
Published
2001-01-04
Author(s)
World Bank
Abstract
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.
Link to Data Set
Citation
“World Bank. 2001. Indonesia : Private Sector Development Strategy. © Washington, DC. http://hdl.handle.net/10986/14959 License: CC BY 3.0 IGO.”