“Growth does not happen by itself” — Indonesian VP
Indonesian Vice President Boediono has stressed the urgency for infrastructure development if the country is to improve growth by another percentage point to 7% per year.
Indonesia would need around US$220bn every year in investment to achieve the 7% figure by 2014. The government will provide $50bn, but the rest will need to come from the private sector. This can be achieved by gaining more global attention for Indonesia, which has fallen off the investment radar of late.
He made the remarks before investors at the high profile Indonesia Summit, organized by a division of the Economist Intelligence Unit (EIU).
source & article: The Jakarta Post
- World Bank Group to open office in Singapore
- Could Indonesia overtake Thailand as an auto manufacturer?
- Indonesia to give tax holidays to major foreign investors
- US$4.7bn in major gas projects approved for Indonesia
- Japanese M&A activity and FDI grows in Malaysia
- Indonesia strong enough to cope with ‘hot money’, but still wary
- Google keen on Indonesian market, less keen on local regulation
- More on Indonesia’s entrepreneurial spirit
- Indonesian courier start-up Go-Jek wins fame, prize
- More longer-term investment flows into Indonesia