Indonesia’s Joko vows to cut red tape stifling investment

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

JAKARTA: Indonesian President Joko Widodo pledged yesterday to slim the government during his second term and cut red tape hampering investment to achieve an ambitious growth target. He won an April 17 election based on sample counts of votes by private pollsters, but...

For example, Mr Joko said, his administration had cut to 58 from 259 the permits required for power plant investments, but that was still too many and he wanted the figure cut to five.Aides have said Mr Joko will pursue bolder economic reforms in his second term, which runs until 2024.

However, some analysts question whether he will be prepared to take on powerful vested interests and shake up a huge bureaucracy that often manages to blunt reform efforts.Still, Mr Joko warned government agencies they could not stick to business as usual, at the risk of missing the 2045 target and trapping Indonesia as a middle-income country.

Achieving the target demands average annual economic growth of about 5.7 per cent, exceeding the last few years' figure of about 5 per cent. "In the next five years, I do not have any burden," Mr Joko added."I cannot run again. So anything that is the best for this country, I would do." -

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 7. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Indonesian President Jokowi needs free hand to pick Cabinet, finance minister saysJAKARTA/SINGAPORE (BLOOMBERG) - Indonesian President Joko Widodo has an ambitious list of goals for his next term - improving education and health care, providing a social safety net and developing infrastructure.. Read more at straitstimes.com.
Herkunft: The Straits Times - 🏆 8. / 63 Weiterlesen »