Indonesia Borrows Big to Avoid Covid-19 Collapse

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Indonesian Finance Minister Sri Mulyani Indrawati and her fiscal policy cohorts seem to have a better grasp of what is needed to keep the country ticking over economically during the Covid-19 crisis than her virus-fighting public health counterparts.

President Joko Widodo, as befits his humble beginnings in the Java hinterland, has made clear from the start his government’s focus would be on the lower echelons of society, both to curb social unrest and to shield vast legions of informal sector workers. Read More…


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