Indonesia should include fighting corruption in its priorities if it wants to progress as one of the best-performing economies in the world, the International Monetary Fund says. The country is the third fastest growing economy in the G-20 but Indonesia’s record of corruption is hampering its efforts to attract more foreign investments needed to boost its economic growth, IMF said according to Agence France-Presse.

    “A decisive and successful response, as well as a decade of sound policies and structural reform, helped Indonesia recover quickly from the 2008 global crisis,” a recently published IMF report states as quoted by AFP. “However, lingering concerns over weak enforcement of the rule of law, transparency, and governance issues weigh on market perceptions. Addressing these weaknesses should be a priority.”

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.