Indonesia lays out strategies to escape middle-income trap
Indonesian Finance Minister Sri Mulyani on August 4 laid out four strategies to free Indonesia from middle-income trap.
Illustrative image (Photo: Internet)
Jakarta (VNA) – Indonesian Finance Minister Sri
Mulyani on August 4 laid out four strategies to free Indonesia from
middle-income trap.
According to the minister, the first is developing human resources by improving
the quality of education, health care and social welfare.
The second is developing quality and financially sound infrastructure.
In the near future, the Indonesian Government will regularly partner with the
private sector to develop infrastructure via public-private partnership.
She suggested the State equip itself with effective institutions
and administrative appratus.
The last is transforming its economy to a digital-based one to
ease pressure on businesspeople./.