ADB President Praises Indonesia for Progress Made in Enforcing Reforms

14, Jan 2015 | Author: Embassy of Indonesia

Source: Antara News

Jakarta (ANTARA News) – President of the Asian Development Bank (ADB) Takehiko Nakao praised the Indonesian government for its progress in implementing structural reforms since President Joko Widodo assumed office in October 2014.

“The reforms launched in the early days of the government of President Joko Widodo shored up the markets trust in the various economic programs of the government,” Nakao said at a press conference here on Tuesday.

Nakao, who is paying his second visit to Indonesia since becoming the ADB president in April 2013, will hold talks with President Joko Widodo, Vice President Jusuf Kalla and other government officials during his stay.

He stated that the reforms launched by the government to divert fuel subsidy, boost tax receipts, accelerate infrastructure development, and improve investment climate may encourage the national economy to grow more sustainably.

“Thanks to additional budget from the diversion of fuel subsidy, the government can allocate more resources to infrastructure that are needed to diversify sources of economic growth. The additional budget may also expand the scope of health programs, and education and social assistance to deal with disparities,” he observed.

Nakao added that the ADBs support for Indonesia would be synchronized with the countrys medium-term national development plan, including the focus on providing better infrastructure facilities, achieving food and energy security, and encouraging more inclusive economic growth.

The government has set infrastructure development as a high priority to strengthen maritime connectivity, including building more ports, roads, airports, dams, irrigation networks, and power plants, which will cost it an estimated US$500 billion in the next five years, he noted.

He further pointed out that the ADB also supported the governments plan to diversify financing sources by benefiting from public and private resources, and emphasized on the importance of increasing domestic tax receipts and non-tax revenues by upholding regulations and eliminating obscure rules impeding investment climate.(*)

DARMASISWA is a scholarship program offered to all foreign students from countries which have diplomatic relationship with Indonesia to study Bahasa, art and culture. Participants can choose one of 71 universities located in different...
Women in Bangladesh prefer halal, affordable cosmetic products from Indonesia. REPUBLIKA.CO.ID, DHAKA — Halal cosmetic products from Indonesia are in high demand among women in Bangladesh. Indonesian Ambassador to Bangladesh Rina P. Soemarno stated...
Dhaka, (ANTARA News) – Bangladesh acknowledges Indonesia`s trains, manufactured by the national company PT Industri Kereta Api (PT INKA), as having strong structures and being capable of accommodating large numbers of passengers. “We have...
In order to explore opportunities for business and investment cooperation, the Indonesian Ambassador to Dhaka and the Economic Counselor held a meeting with the Chittagong Deputy Commissioner, Mr. Md. Elius Hossain in DC Chittagong...
The Indonesian embassy premises in Dhaka turned festive for a few hours on the occasion of the Independence Day of the country on Saturday. The presence of the members of the Indonesian community in...
Amid much festivity and fanfare, the ASEAN Day 2018 was celebrated in Dhaka on Wednesday. Marking the day in a befitting manner, the ASEAN Dhaka Committee (ADC) organised the ASEAN Flag Raising Ceremony at...