Ministers expressed full support for the OECD’s global relations strategy, as an essential element to increase its impact and relevance. This strategy has been the centrepiece of Secretary-General Angel Gurría’s vision to transform the Organisation into a more inclusive, global policy network and a prime forum for evidence-based policy exchange and global standard setting.
The OECD’s collaboration with Indonesia goes from strength to strength. Following hot on the heels of my March visit to Jakarta – when the Minister and I opened our first office in a Key Partner country – I am delighted to launch today the OECD-Indonesia Priority Areas for Co-operation. Indonesia is the first of our Key Partners to sign such a comprehensive joint work programme.
En Indonésie, les pressions exercées sur l’environnement par l’exploitation des ressources naturelles devraient être allégées par une augmentation de la part du gaz et des énergies renouvelables dans le bouquet énergétique, par une définition adéquate des droits de propriété et des réglementations relatives aux terrains boisés et par la mise en place d’un prix implicite du carbone positif.
A new OECD publication highlights notable economic and environmental benefits of phasing out fossil-fuel subsidies in Indonesia. Interestingly, the study is based on the context that pertained until mid-2014, when international oil prices where high and before the recent phase-out of subsidies by the government.
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Weaknesses in good regulatory practice remain a key challenge for improving government effectiveness, achieving greater coherence between different laws and regulations (both domestically and vis-à-vis other countries) and, ultimately, making it easier to do business in Indonesia.
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Poor corporate governance was identified as a major factor in Indonesia’s economic crisis in 1997. Since then a wide range of laws and regulations have been introduced and standards developed. Sound corporate governance will reassure stakeholders that their rights are protected, thus building confidence and trust in doing business in Indonesia.
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Infrastructure investment in Indonesia was seriously impaired by the 1997 Asian financial crisis. Indonesia plans to increase investment sharply through both public spending and private finance. Yet, Indonesia lacks suitable long-term investment vehicles and capital markets are still developing.
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Over the past years, Indonesia has implemented a number of trade and investment measures to develop local industries and move its firms up the value chain, but these measures have raised concerns in many of its trading partners.