Written by Iva Hristova, TCF Deputy Team Leader
A member of the G20, Indonesia is the largest economy in the rapidly growing region of Southeast Asia. It ranks as the world’s fourth most populous country and third largest democracy, offering political stability, a large domestic market and rich and diversified natural resources. A young and dynamic workforce is driving high-potential growth, with those under thirty accounting for half of the working population. Poverty has markedly declined, although it remains a major challenge for the country.
Building on Indonesia’s growth momentum, its new leadership has committed to implementing a series of structural reforms in order to stimulate investment, notably by improving the business environment and increasing infrastructure spending. However, sustaining growth and improvements in well-being will require additional measures to boost productivity and improve access to basic social services.
The OECD is actively supporting the government in implementing its reform agenda in many policy areas, including macroeconomic policy, tax, investment, regulatory policy, budgeting, financial education and financial affairs, education, agriculture, trade and anti-corruption. The partnership has delivered important tools, such as the Economic Surveys, providing in-depth analysis of policies for inclusive and sustainable growth. Reviews on Investment Policy (2010), Regulatory Reform (2012) and Educational Policy (2015), along with Open Government (2016), have each facilitated the implementation of policy reforms. Indonesia is also a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes, and the Indonesia-OECD Corporate Governance Policy Dialogue has informed policymakers by assessing key market practices and policy trends that may be detrimental to sound corporate governance.
In this framework, TCF developed and supported a working visit at OECD offices in Paris from 3-4 October 2016. This working visit comprised of technical trainings and allowed for a number of interactions with OECD staff. The objectives of this visit were to familiarize with OECD processes, and to receive technical training on issues of interest, with a particular emphasis on investment policies. Conducted in English, the training benefitted to representatives (6 in total) from the National Development Planning Agency, the Coordinating Ministry for Economic Affairs, the Investment Coordinating Board, and the Commission for the Supervision of Business Competition.
|Bappneas Working Visit To The OECD Agenda 2-3 Oct 2016|