Indonesia

A move to step up the pace of spending on infrastructure in Indonesia is beginning to yield results, in line with the government’s broader growth targets.

The burgeoning purchasing power of Indonesia’s middle classes and the increasing role of alternative lenders such as multi-finance institutions are generating growth in the archipelago’s consumer finance market.

Government and private initiatives are set to broaden agriculture’s contribution to economic growth and boost smallholder operations by encouraging the use of more advanced technology in the farming sector.

To ensure energy security and meet growing demand for electricity, the Indonesian government is looking to expand its generation capacity through a mix of traditional and alternative sources, including geothermal and new coal technology.

Efforts to stimulate growth in the Indonesian economy took a key step forward in February, with the introduction of new measures aimed at increasing foreign direct investment (FDI) and supporting the country’s small and medium-sized enterprises (SMEs).

With an eye on boosting international trade relations and broadening exports, Indonesia is ramping up efforts to seal a raft of global trade agreements.