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Architect of Indonesia's post-crisis economy urges local autonomy

He also says a legacy of Asian financial crisis is that many of the elderly will find their savings are not enough

Published Wed, Jul 26, 2017 · 09:50 PM

Jakarta

ONE of the chief architects of Indonesia's post-crisis economy says local governments must be given more autonomy to help overcome a revenue gap hampering South-east Asia's biggest economy.

Dorodjatun Kuntjoro-Jakti, a former adviser to five presidents, said while Indonesia had undertaken "courageous" reforms in the wake of the Asian financial crisis two decades ago, it needs to do more to give regional administrations the power to attract investment.

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