Indonesia : The Imperative for Reform

In the one hundred days since assuming office, the new administration of Megawati Soekarnoputri has made little progress on structural and governance reforms. The events of September 11 and the slowdown in the global economy worsened the investment...

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Main Author: World Bank
Language:English
en_US
Published: Washington, DC 2013
Subjects:
ADB
CPI
GDP
OIL
Online Access:http://documents.worldbank.org/curated/en/2001/11/1645201/indonesia-imperative-reform
http://hdl.handle.net/10986/15466
id okr-10986-15466
recordtype oai_dc
spelling okr-10986-154662021-04-23T14:03:14Z Indonesia : The Imperative for Reform World Bank ADB AGGREGATE ANALYSIS AGRICULTURE ANTI- CORRUPTION ANTI-CORRUPTION ASSET SALES AUDITS AUTHORIZATION AUTONOMY BALANCE OF PAYMENTS BANK FOR INTERNATIONAL SETTLEMENTS BANK INDONESIA BANK LOANS BANK RESTRUCTURING BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEEDINGS BONDS BUDGET DEFICIT BUDGETARY RESOURCES CAPITAL ADEQUACY CAPITAL FLIGHT CAPITAL FLOWS CAPITAL FORMATION CENTRAL BANK CIVIL SERVICE CIVIL SERVICE REFORMS COMPETITIVE BIDDING CONSUMER PRICE INDEX CONSUMERS CORPORATE SECTOR CPI DEBT DECENTRALIZATION DEMOCRACY ECONOMIC OUTLOOK ENDANGERED SPECIES EXCHANGE RATE EXPENDITURE EXPORT GROWTH FINANCIAL DATA FINANCIAL INSTITUTION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FISCAL FISCAL DECENTRALIZATION FISCAL POLICY FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FORESTRY FREE TRADE GDP GOOD GOVERNANCE GOVERNANCE REFORM GOVERNANCE REFORMS GOVERNMENT BONDS GOVERNMENT OFFICIALS GOVERNMENT POLICIES GOVERNMENT REGULATION GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES IMPAIRED ASSETS IMPORTS IMPROVING GOVERNANCE INCOME INFLATION INFLATIONARY PRESSURES INSTITUTIONAL WEAKNESSES INSURANCE INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL COMMUNITY INTERNATIONAL DEVELOPMENT INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT CLIMATE LAWS LEGAL DISPUTES LEGAL FRAMEWORK LIQUIDITY MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MINISTRY OF FINANCE MONETARY POLICY MONEY LAUNDERING NATIONAL DEVELOPMENT NATIONS NET EXPORTS OIL OIL PRICES ORGANIZATIONAL STRUCTURE PARLIAMENT POLITICAL INSTABILITY POLITICAL UNCERTAINTY POVERTY ALLEVIATION PRICE INCREASES PRIVATE CONSUMPTION PRIVATIZATION PROFITABILITY PUBLIC PROCUREMENT PUBLIC PROCUREMENT SYSTEM PUBLIC SECTOR REAL WAGES REGULATORY FRAMEWORK REHABILITATION REPRESENTATIVES REVENUE MOBILIZATION REVENUE SHARING SECURITIES SERVICE DELIVERY SOCIAL SAFETY SOCIAL SAFETY NET STATE ADMINISTRATION STATE BANKS STATE-OWNED ENTERPRISES TELECOMMUNICATIONS TELEVISION TRANSPARENCY TRANSPORT WAGES WORLD TRADE ORGANIZATION WTO INVESTMENT ENVIRONMENT GOVERNANCE POVERTY INCIDENCE POLITICAL ENVIRONMENT GOVERNMENT FINANCE ECONOMIC RISK FISCAL SUSTAINABILITY DECENTRALIZATION INSTITUTIONAL CAPACITY TRANSITIONAL ECONOMIES EMPOWERMENT STRUCTURAL REFORMS EXTERNAL FINANCE INTERNATIONAL TRADE FISCAL POLICY DEBT MANAGEMENT CORPORATE RESTRUCTURING AGRICULTURAL PRODUCTIVITY ENERGY POLICY PRIVATE SECTOR PARTICIPATION MINING SECTOR CORRUPTION LEGAL FRAMEWORK NONGOVERNMENTAL ORGANIZATIONS In the one hundred days since assuming office, the new administration of Megawati Soekarnoputri has made little progress on structural and governance reforms. The events of September 11 and the slowdown in the global economy worsened the investment climate in Indonesia, adding to the government's already formidable array of challenges. Indonesia's recovery has lagged behind its neighbors and over half its population vulnerable to poverty, more than any other crisis country. Moreover, its fragile banking and corporate sectors, and the precarious state of its government finances, make the country highly vulnerable to risks--with immediate implications for fiscal sustainability. Donors need to be realistic about what is feasible, given strong vested interests, severe institutional weaknesses, the uncertainties arising from decentralization, and a turbulent transition to democracy. Progress is most needed in the key areas of structural reforms, good governance, and empowering and investing in the poor. Together with fiscal sustainability, they are consistent with the premise that stability, growth, and effective government are the key ingredients for long-lasting and sustainable poverty reduction. 2013-08-28T21:02:30Z 2013-08-28T21:02:30Z 2001-11 http://documents.worldbank.org/curated/en/2001/11/1645201/indonesia-imperative-reform http://hdl.handle.net/10986/15466 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC 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 ADB
AGGREGATE ANALYSIS
AGRICULTURE
ANTI- CORRUPTION
ANTI-CORRUPTION
ASSET SALES
AUDITS
AUTHORIZATION
AUTONOMY
BALANCE OF PAYMENTS
BANK FOR INTERNATIONAL SETTLEMENTS
BANK INDONESIA
BANK LOANS
BANK RESTRUCTURING
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY PROCEEDINGS
BONDS
BUDGET DEFICIT
BUDGETARY RESOURCES
CAPITAL ADEQUACY
CAPITAL FLIGHT
CAPITAL FLOWS
CAPITAL FORMATION
CENTRAL BANK
CIVIL SERVICE
CIVIL SERVICE REFORMS
COMPETITIVE BIDDING
CONSUMER PRICE INDEX
CONSUMERS
CORPORATE SECTOR
CPI
DEBT
DECENTRALIZATION
DEMOCRACY
ECONOMIC OUTLOOK
ENDANGERED SPECIES
EXCHANGE RATE
EXPENDITURE
EXPORT GROWTH
FINANCIAL DATA
FINANCIAL INSTITUTION
FINANCIAL MANAGEMENT
FINANCIAL MARKETS
FINANCIAL SECTOR
FISCAL
FISCAL DECENTRALIZATION
FISCAL POLICY
FISCAL SUSTAINABILITY
FISCAL YEAR
FOREIGN BANKS
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FORESTRY
FREE TRADE
GDP
GOOD GOVERNANCE
GOVERNANCE REFORM
GOVERNANCE REFORMS
GOVERNMENT BONDS
GOVERNMENT OFFICIALS
GOVERNMENT POLICIES
GOVERNMENT REGULATION
GROSS DOMESTIC PRODUCT
GROWTH RATE
GROWTH RATES
IMPAIRED ASSETS
IMPORTS
IMPROVING GOVERNANCE
INCOME
INFLATION
INFLATIONARY PRESSURES
INSTITUTIONAL WEAKNESSES
INSURANCE
INTEREST RATES
INTERMEDIATE GOODS
INTERNATIONAL COMMUNITY
INTERNATIONAL DEVELOPMENT
INTERNATIONAL RESERVES
INTERNATIONAL TRADE
INVESTMENT CLIMATE
LAWS
LEGAL DISPUTES
LEGAL FRAMEWORK
LIQUIDITY
MACROECONOMIC PERFORMANCE
MACROECONOMIC STABILITY
MINISTRY OF FINANCE
MONETARY POLICY
MONEY LAUNDERING
NATIONAL DEVELOPMENT
NATIONS
NET EXPORTS
OIL
OIL PRICES
ORGANIZATIONAL STRUCTURE
PARLIAMENT
POLITICAL INSTABILITY
POLITICAL UNCERTAINTY
POVERTY ALLEVIATION
PRICE INCREASES
PRIVATE CONSUMPTION
PRIVATIZATION
PROFITABILITY
PUBLIC PROCUREMENT
PUBLIC PROCUREMENT SYSTEM
PUBLIC SECTOR
REAL WAGES
REGULATORY FRAMEWORK
REHABILITATION
REPRESENTATIVES
REVENUE MOBILIZATION
REVENUE SHARING
SECURITIES
SERVICE DELIVERY
SOCIAL SAFETY
SOCIAL SAFETY NET
STATE ADMINISTRATION
STATE BANKS
STATE-OWNED ENTERPRISES
TELECOMMUNICATIONS
TELEVISION
TRANSPARENCY
TRANSPORT
WAGES
WORLD TRADE ORGANIZATION
WTO INVESTMENT ENVIRONMENT
GOVERNANCE
POVERTY INCIDENCE
POLITICAL ENVIRONMENT
GOVERNMENT FINANCE
ECONOMIC RISK
FISCAL SUSTAINABILITY
DECENTRALIZATION
INSTITUTIONAL CAPACITY
TRANSITIONAL ECONOMIES
EMPOWERMENT
STRUCTURAL REFORMS
EXTERNAL FINANCE
INTERNATIONAL TRADE
FISCAL POLICY
DEBT MANAGEMENT
CORPORATE RESTRUCTURING
AGRICULTURAL PRODUCTIVITY
ENERGY POLICY
PRIVATE SECTOR PARTICIPATION
MINING SECTOR
CORRUPTION
LEGAL FRAMEWORK
NONGOVERNMENTAL ORGANIZATIONS
spellingShingle ADB
AGGREGATE ANALYSIS
AGRICULTURE
ANTI- CORRUPTION
ANTI-CORRUPTION
ASSET SALES
AUDITS
AUTHORIZATION
AUTONOMY
BALANCE OF PAYMENTS
BANK FOR INTERNATIONAL SETTLEMENTS
BANK INDONESIA
BANK LOANS
BANK RESTRUCTURING
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY PROCEEDINGS
BONDS
BUDGET DEFICIT
BUDGETARY RESOURCES
CAPITAL ADEQUACY
CAPITAL FLIGHT
CAPITAL FLOWS
CAPITAL FORMATION
CENTRAL BANK
CIVIL SERVICE
CIVIL SERVICE REFORMS
COMPETITIVE BIDDING
CONSUMER PRICE INDEX
CONSUMERS
CORPORATE SECTOR
CPI
DEBT
DECENTRALIZATION
DEMOCRACY
ECONOMIC OUTLOOK
ENDANGERED SPECIES
EXCHANGE RATE
EXPENDITURE
EXPORT GROWTH
FINANCIAL DATA
FINANCIAL INSTITUTION
FINANCIAL MANAGEMENT
FINANCIAL MARKETS
FINANCIAL SECTOR
FISCAL
FISCAL DECENTRALIZATION
FISCAL POLICY
FISCAL SUSTAINABILITY
FISCAL YEAR
FOREIGN BANKS
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FORESTRY
FREE TRADE
GDP
GOOD GOVERNANCE
GOVERNANCE REFORM
GOVERNANCE REFORMS
GOVERNMENT BONDS
GOVERNMENT OFFICIALS
GOVERNMENT POLICIES
GOVERNMENT REGULATION
GROSS DOMESTIC PRODUCT
GROWTH RATE
GROWTH RATES
IMPAIRED ASSETS
IMPORTS
IMPROVING GOVERNANCE
INCOME
INFLATION
INFLATIONARY PRESSURES
INSTITUTIONAL WEAKNESSES
INSURANCE
INTEREST RATES
INTERMEDIATE GOODS
INTERNATIONAL COMMUNITY
INTERNATIONAL DEVELOPMENT
INTERNATIONAL RESERVES
INTERNATIONAL TRADE
INVESTMENT CLIMATE
LAWS
LEGAL DISPUTES
LEGAL FRAMEWORK
LIQUIDITY
MACROECONOMIC PERFORMANCE
MACROECONOMIC STABILITY
MINISTRY OF FINANCE
MONETARY POLICY
MONEY LAUNDERING
NATIONAL DEVELOPMENT
NATIONS
NET EXPORTS
OIL
OIL PRICES
ORGANIZATIONAL STRUCTURE
PARLIAMENT
POLITICAL INSTABILITY
POLITICAL UNCERTAINTY
POVERTY ALLEVIATION
PRICE INCREASES
PRIVATE CONSUMPTION
PRIVATIZATION
PROFITABILITY
PUBLIC PROCUREMENT
PUBLIC PROCUREMENT SYSTEM
PUBLIC SECTOR
REAL WAGES
REGULATORY FRAMEWORK
REHABILITATION
REPRESENTATIVES
REVENUE MOBILIZATION
REVENUE SHARING
SECURITIES
SERVICE DELIVERY
SOCIAL SAFETY
SOCIAL SAFETY NET
STATE ADMINISTRATION
STATE BANKS
STATE-OWNED ENTERPRISES
TELECOMMUNICATIONS
TELEVISION
TRANSPARENCY
TRANSPORT
WAGES
WORLD TRADE ORGANIZATION
WTO INVESTMENT ENVIRONMENT
GOVERNANCE
POVERTY INCIDENCE
POLITICAL ENVIRONMENT
GOVERNMENT FINANCE
ECONOMIC RISK
FISCAL SUSTAINABILITY
DECENTRALIZATION
INSTITUTIONAL CAPACITY
TRANSITIONAL ECONOMIES
EMPOWERMENT
STRUCTURAL REFORMS
EXTERNAL FINANCE
INTERNATIONAL TRADE
FISCAL POLICY
DEBT MANAGEMENT
CORPORATE RESTRUCTURING
AGRICULTURAL PRODUCTIVITY
ENERGY POLICY
PRIVATE SECTOR PARTICIPATION
MINING SECTOR
CORRUPTION
LEGAL FRAMEWORK
NONGOVERNMENTAL ORGANIZATIONS
World Bank
Indonesia : The Imperative for Reform
geographic_facet East Asia and Pacific
Indonesia
description In the one hundred days since assuming office, the new administration of Megawati Soekarnoputri has made little progress on structural and governance reforms. The events of September 11 and the slowdown in the global economy worsened the investment climate in Indonesia, adding to the government's already formidable array of challenges. Indonesia's recovery has lagged behind its neighbors and over half its population vulnerable to poverty, more than any other crisis country. Moreover, its fragile banking and corporate sectors, and the precarious state of its government finances, make the country highly vulnerable to risks--with immediate implications for fiscal sustainability. Donors need to be realistic about what is feasible, given strong vested interests, severe institutional weaknesses, the uncertainties arising from decentralization, and a turbulent transition to democracy. Progress is most needed in the key areas of structural reforms, good governance, and empowering and investing in the poor. Together with fiscal sustainability, they are consistent with the premise that stability, growth, and effective government are the key ingredients for long-lasting and sustainable poverty reduction.
author World Bank
author_facet World Bank
author_sort World Bank
title Indonesia : The Imperative for Reform
title_short Indonesia : The Imperative for Reform
title_full Indonesia : The Imperative for Reform
title_fullStr Indonesia : The Imperative for Reform
title_full_unstemmed Indonesia : The Imperative for Reform
title_sort indonesia : the imperative for reform
publisher Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2001/11/1645201/indonesia-imperative-reform
http://hdl.handle.net/10986/15466
_version_ 1764426728128643072