The concern should not be about the level of debt but about how the country deploys the financing and whether it is able to implement further structural reforms.
How can Nusantara, which will cost around US$35 billion, be developed sustainably and responsibly?
The key to the success attained so far has been the implementation of much-needed reforms of state-owned enterprises.
Luther Lie of Harvard Law School considers whether the implementation of Indonesia’s recently passed personal data protection law will follow the EU and US initiatives
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