Since the country’s transition from communism two decades ago, the Mongolian economy has experienced rapid liberalisation. Sectors including ICT and insurance are expanding quickly and, while the mining sector has been responsible for making Mongolia a rising star in the global economy, there is great potential for further growth in all economic sectors.
Infrastructure provision remains a big challenge, from project design and prioritisation through to financing and delivery. There is a need to boost investment in infrastructure to raise growth prospects, both in the shortterm to insulate against a global slowing of growth and for the long-term benefits of boosting the supply capacity of our...
Accounting for some 91% of employment, 57% of GDP and 20% of exports by value in 2012, according to Bank Indonesia (BI) statistics, micro, small and medium-sized enterprises (MSMEs) form the backbone of Indonesia’s economy. Yet the predominantly informal nature of such companies has constrained their access to funding and scope for growth....
Banking remains a highly profitable sector in Indonesia despite being limited in its reach. Leading banks’ average profits were the highest amongst major economies in 2012, according to Bloomberg data, a remarkable feat in an era of falling bank profits globally. Credit and savings remain marginal, however, with loans accounting for 32.85% of...
What is your forecast for Indonesia’s banking sector, given the revised economic outlook? How will it impact lending over the next 18 months?
As banks seek to increase efficiency while expanding their reach, Bank Indonesia’s (BI) push towards mobile payments systems holds potential in a country whose under-banked population is spread over some 6000 inhabited islands and is largely rural. Mobile payments hold the promise of cutting costs, expanding access and driving banks’ fee revenue...
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