Indonesia's Political Landscape:
Navigating a Dynamic Democracy
Since the uprising of 1998, which resulted in the fall of General Suharto after 30 years of authoritarian control and the collapse of the Rupiah, Indonesia has undergone a political transformation.
The 2014 election of Joko "Jokowi" Widodo was met with tremendous optimism, as it represented the emergence of a new type of politician within the young democracy. As the son of a wood merchant and a furniture maker, Jokowi is often regarded as a man of the people and in contact with ordinary Indonesians.
In the 2020-2024 Medium-Term National Development Plan (RPJMN), the government offers foreign investors the chance to engage and participate in the development of sustainable infrastructure in Indonesia. The Indonesian government is making significant efforts to ensure that foreign investors have ample opportunities to increase their investment opportunities in the country.
New Reforms Implemented
Indonesia's infrastructure development centers around connectivity, crucial for economic growth in a nation of 17,000 islands. The focus on connectivity demonstrates a strong commitment to fostering tourism and overall economic expansion across the archipelago.
Indonesia's government implements 13 economic policy packages, streamlining business establishment, permits, and reducing administrative costs. Measures supporting small and medium-sized businesses, along with fiscal incentives, aim to attract investments and foster economic growth.
Jokowi's economic reform includes allowing increased foreign ownership, creating more investment opportunities. Revised regulations enable foreign investors to purchase and develop property in Indonesia without a local nominee, promoting foreign investment and economic growth.