Rani Jarkas - Indonesia Becomes a Great Country for Global Investors
Indonesia has been able to win back the confidence of global investors after the Asian Financial Crisis in 1997-1998. The country has accepted some reforms in order to gets its economy back to a firm footing and boost its credibility. These reforms are: making necessary changes to the macroeconomic framework;
Building up supervision of the banking industry and analysis of accounting standards, and fortifying transparency, intensifying governance issues, and minimizing corruption.
In addition, the country is endowed with positive fundamental components such as a huge population, booming middle class and young personnel, massive domestic market and a lot more. It even endows a variety and plentiful natural resources like gas, coal, palm oil, tin, cocoa, nickel and bauxite and various import export markets.
Indonesia has formed a more stable macro economy through a more flexible exchange rate management and an inflationtargeting framework. The improved banking system helps maintain and lower non-performing loans together with growing the profitability and banks’ efficiency in general.
Not to mention, more transparency on information and data minimizes investors’ concerns over governance and other issues which lead to enhanced confidence as well as investments.
The results of those reforms are proven from the positive growth in Indonesia during the global economic crisis in 2008-2009. In 2009, the country managed to grow its GDP by 4.6% when the advanced economies registered a negative growth nearly in the 3%-5% range.
Indonesia developed by 6.2% in 2012 and 2014, stronger economic growth is anticipated around the lower end of the 5.86.2% range.
Rani Jarkas, Chairman of Cedrus Investments, firmly believes that Indonesia has become the most admired emerging country for global investors, as continual reforms in areas such as macroeconomic framework,
banking supervision, accounting standards, transparency and governance issues by the government have led to the improvement in the local investment climate in the country.
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