Indonesia renews EoDB target to reach 50th ranking

Indonesia renews EoDB target to reach 50th ranking

Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia (center) highlighted the realization of investment in the third quarter of 2019 in Jakarta on Thursday (Oct 31, 2019). ANTARA/Ade Irma Junida/sh

Jakarta (ANTARA) - President Joko Widodo (Jokowi) renewed the Ease of Doing Business (EoDB) target ranking to 50th, Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia stated.

The target is lower than the earlier targeted 40th ranking in the World Bank's EoDB index next year.

"The president, in his directive, told us that we have at least to improve our ranking, from 73rd to 50th," Lahadalia remarked while highlighting the realization of investment in the third quarter of 2019 in Jakarta on Thursday.

Indonesia's ranking in the World Bank’s EoDB index has stayed stagnant at 73rd position in spite of efforts to attract investment by removing inconducive regulations.

The World Bank report showed that Indonesia had clocked a score of 69.6 out of 100, a rise of 1.64 points, slightly higher than last year's increase of 1.42 points to reach 67.96.

Lahadalia stated that the board will work closely with the Coordinating Ministry for Economic Affairs to achieve the target.

Despite the stagnant ranking in the past two years, he believes the country had still registered a notable improvement since 2014.

Indonesia's ranking in the EoDB index has shown improvement, from being ranked 120th out of the 190 countries in 2014 to standing 114th in 2015, 106th in 2016, 91st in 2017, and climbing to 72nd in 2018.

In the World Bank's 2019 report, Indonesia's rank declined slightly to 73rd in spite of its higher scores. Related news: Indonesia drops one spot to 73rd rank in EODB Index
Related news: President Jokowi calls to improve ease of doing business indicators


EDITED BY INE
 

Comments