Sunday, 20 June 2021 | 23:12 WIB

World Bank: It’s the Right Time to Invest in Indonesia

World Bank.

MANILA, NETRALNEWS.COM – Indonesia is increasingly trusted internationally as a region of seven investments, following the recognition of Japan Prime Minister Shinzo Abe.

In addition, the World Bank admitted Indonesia's achievement in improving the investment climate. Government regulatory improvements have succeeded in boosting Indonesia's rank in Ease of Doing Business (EoDB).

The World Bank Country Director in Indonesia, Rodrigo Chaves, said that through a conducive investment climate and economic growth above 5 percent, so now is the right period for investors to invest in Indonesia.

Moreover, Indonesia in 2030 is expected to become the world's largest economy, has 135 million consumption classes, and has 180 million people in productive age.

"Moreover, the current infrastructure projects are being encouraged and many incentives for investors," said Rodrigo, Tuesday (11/14/2017).

The World Bank also sees that the Government of Indonesia is currently serious in fiscal and legal reforms. Government policies to tackle corruption are also being intensified.

On the other hand, public trust to the government is also high. Therefore, there is no reason for investors to delay investing in Indonesia.

Chairwoman of the Indonesian Employers Association (APINDO) of International Relations and Investment agreed with the assessment of the World Bank. According to her, now is the right time to invest in Indonesia with the many potential projects that must be developed.

Vice Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) Benny Soetrisno also agreed, however, he did not deny that foreign direct investment in Indonesia is still small.

Not as much as China whose EoDB rank is lower than Indonesia, therefore, the task of the government to fix the problems that still hamper the interest of foreign investors to plant capital in Indonesia.