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For most of its history, the Indonesian banking sector has been highly regulated, with the government often intervening in a heavy-handed manner to achieve policy goals and correct larger economic concerns. The results have been mixed, with the authorities erring at times on the side of too much control and at other times on the side of too much freedom, with some of the...

More efficient tax collection is a top priority for Indonesia, with improved information sharing with foreign countries among the initiatives it has rolled out in service of this goal. The country has historically struggled to achieve its annual tax collection targets, despite the valuable revenue stream they represent, although recent moves by newly elected President Joko...

The Indonesian banking sector continues to strengthen after a lengthy period of expansion. Business remains sound with sufficient capital to support credit growth, while the regulatory environment is benign and supportive, poising the industry for further expansion.