Seeking a Breakthrough

The government must take a bigger role in pushing economic growth. The banking sector and the business world also need to improve.

May 15, 2007

VICE President Jusuf Kalla’s criticism of the banking sector, which prefers to invest in Bank Indonesia Certificates (SBIs) instead of in the business sector, may be accurate. He was also right when he reprimanded banks for treating small- and medium-sized businesses like stepchildren. Data from Bank Indonesia shows that there is truth in Kalla’s criticisms.

Information from the central bank shows that while third party funds with the banks

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