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Indonesia
Economics, Indonesia, Infrastructure - Friday, May 6, 2011 21:51 - 0 Comments
Emerging Markets: Agus says new Indo infrastructure law coming soon
Emerging Markets, May 6 2011
Indonesia’s finance minister believes a crucial new law, one he hopes will galvanize the country’s flagging infrastructure sector, will be passed in the third quarter of this year.
The development of infrastructure is widely seen as the biggest impediment to Indonesia growing from its solid growth rates today – 6.1% GDP growth in 2010, and an average of 5.7% a year since 2006 – to being a true leader in global growth. “To be frank with you, the bottleneck [stopping] our economic growth achieving 7% or higher is infrastructure, so it is a national priority,” said Bambang Brodjonegoro, head of the Fiscal Policy Office within the Ministry of Finance.
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