Gov’t Seeks to Accelerate Reforms in Investment
Date 21 November 2019
The Indonesian Government seeks to improve the country’s ranking in Ease of Doing Business (EoDB) index from the current 73rd position to the top 40, President Joko “Jokowi” Widodo has said.
“We are eager to break into the top 40 or the top 50 ranking,” the President said in his remarks during a Limited Cabinet Meeting on the Acceleration of Ease of Doing Business, at the Presidential Office, Jakarta, Thursday (21/11).
According to the President, achieving the target requires an integrated strategy, structural reforms, deregulation and de-bureaucratization to simplify procedures for investment.
“I have ordered the Ministers to review the problems in detail to solve problems and obstacles for improving Ease of Doing Business,” the President stated, adding that he has also instructed Coordinating Minister for Economic Affairs and Coordinating Minister for Maritime Affairs and Investment to oversee reforms and overcome the problems.
“We must design accelerated and integrated reforms of business permit service, connecting the Central Government and regional governments. (The reforms are important) to ensure we can control and oversee the processes and the problems,” the President said, adding that this year Indonesia has achieved progress in Ease of Doing Business index from the 120th position in 2014 to 73rd position.
Translated by: Ridwan Ibadurrohman
Reviewed by: Ersan Pamungkas