Indonesian President Widodo: To go all out in 2nd term to boost economic reform

Speaking to hundreds of regional leaders at the launch of “Vision Indonesia 2045”, a roadmap to become the world’s fifth-biggest economy, Indonesian President Joko Widodo expressed his commitment   to slim the government and improve governance during his second term to achieve the ambitious growth target.

Key Quotes (via Reuters):

“The slimmer our organization, the faster we can run, the more flexibly we can decide on policies.”

His administration had cut to 58 from 259 the permits required for power plant investments, but that was still too many and he wanted the figure cut to five.

“Five years ago investors came in droves, but only a few were hatched, because we couldn’t help them execute.”

“I’m so annoyed I couldn’t solve a problem that is so obvious.”

“In the next five years, I do not have any burden.”

“I cannot run again. So anything that is the best for this country I would do.”

South Africa Gross $Gold & Forex Reserve fell from previous $49.679B to $49.538B in April

South Africa Gross $Gold & Forex Reserve fell from previous $49.679B to $49.538B in April
Read more Previous

US dollar to edge lower in the medium-term – Goldman Sachs

The Goldman Sachs Analysts, in their latest client, offer a medium-term view on the US dollar, with the risks skewed towards the downside. Key Quotes:
Read more Next