• Sun. Apr 14th, 2024

World Bank Urges Clearer Investment Policies for Sustainable Economic Growth in Indonesia

BySamantha Nguyen

Apr 4, 2024
World Bank calls on new governments to deliver policy stability for Economy

The World Bank has advised countries, including Indonesia, to improve policy clarity for businesses as a sustainable method to drive economic growth. With limited fiscal and monetary measures available in the midst of prolonged global uncertainty, it is crucial for countries to provide clarity about their investment regime. Manuela Ferro, Vice President of the World Bank East Asia and Pacific, emphasized the importance of addressing policy uncertainty and stressing the need for new administrations to communicate their policy directions early to businesses and households.

Ferro highlighted the challenges in providing fiscal or monetary stimulus to sustain growth over the long term. She mentioned that implementing competition-enhancing policies would attract more investors into economic activities. The upcoming elections in many countries, including Indonesia, will have major implications for policy direction and economic growth.

In Indonesia, Prabowo Subianto was recently announced as the winner of the General Elections Commission’s polls, set to be sworn in this October along with his running mate Gibran Rakabuming Raka, the eldest son of incumbent President Joko “Jokowi” Widodo. The International Monetary Fund (IMF) has issued warnings about the need for countries to address escalating fiscal risks, including tight financing conditions and growing concerns about debt vulnerabilities. It is crucial for countries to proactively manage these risks to ensure sustainable economic growth.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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