As with much in Indonesia, there is a sense of a disconnect between positive developments at the top and the ability to execute them further down the chain. And it’s not just infrastructure. “Our budget deficit last year was 0.1%, almost balanced,” says Tigor. “So our problem is slightly different to the US: we can’t spend enough.”

To see the article in its published form, visit www.asiamoney.com. This article was published alongside another on Indonesia in Asiamoney. See it here: http://chriswrightmedia.com/indonesia-capitalmarkets-asiamoney-may2009

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