Bolstering education, infrastructure and governance is crucial to fostering sustainable and inclusive growth in Indonesia, a new report by development agencies says.
Indonesia needs to implement short- and medium-term policy reforms to address inadequate and poor infrastructure, weak governance and institutions, and unequal access to and the low quality of education, according to the report produced by the Asian Development Bank, International Labor Organization and Islamic Development Bank. These reforms include measures to speed up the rollout of new infrastructure, scale up private investment, stregthen governance, and address geographic imbalances in access to employment opportunities and education.
“Overcoming these critical constraints will put the Indonesian economy on a path of higher growth and make economic opportunities unleashed more widely and equitably shared,” said Juzhong Zhuang, ADB’s assistant chief economist.
The report, “Indonesia: Critical Development Constraints” also urges the country to promote economic growth that is more pro-employment and pro-environment.