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Indonesia made great strides in reforming its economy during the first term in office of President Joko Widodo, popularly known as Jokowi.
The country’s ranking in the World Bank’s ease of doing business study rocketed from 114 in 2014 to 73 this year, and ratings agency Standard and Poor’s in 2017 joined Moody’s and Fitch in awarding BBB investment status.
But securing capital remains a big challenge.
According to government figures, investment grew 11.4 per cent a year in Widodo’s first…
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