Defying the Odds - Economy - magz.tempo.co

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Defying the Odds

Tuesday, July 4, 2006

A World Bank report says decentralization has brought few improvements to rural SMEs, struggling to survive on poor infrastructure, no credit and endemic corruption.

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NOT long after President Susilo Bambang Yudhoyono and Singapores Prime Minister Lee Hsien Loong clinched a multi-billion dollar deal to develop the islands of Batam, Bintan and Karimun in an effort to draw in foreign capital, the World Bank released an assessment of the rural investment climate that makes us wonder about our priorities. The report concluded that small- and medium-sized enterprises (SMEs) in the Indonesian countryside still have t

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