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Indonesia’s new investment ministry faces headwinds

Content type:: Expert Briefings
Location:: INDONESIA
Keywords associated with this article:: Geographic: Indonesia AP China IMF-World Bank Malaysia Singapore

Topical: economy industry international relations politics social fiscal foreign investment government growth health investment policy agriculture banking consumer infrastructure manufacturing private sector public sector religion services
ISSN:: 2633-304X
Citation:: Oxford Analytica (2021), "Indonesia’s new investment ministry faces headwinds", Expert Briefings.
https://doi.org/10.1108/OXAN-DB261415

Tuesday, May 11, 2021

Significance

The government hopes greater domestic and foreign investment can help turn around the pandemic-hit economy. The governor of Bank Indonesia (BI), the central bank, last week said GDP should grow by 4.6% in 2021, compared with last year’s 2.1% contraction.

Impacts

Indonesia will count on private vaccination, whereby companies buy state-procured jabs for their staff, to help speed up its roll-out.
The Indonesia Investment Authority, a new sovereign wealth fund, will prioritise attracting more investment into the infrastructure sector.
Singapore will continue to be Indonesia’s largest source of FDI in the short term.

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Significance

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