Cabinet reshuffle, funding for new capital among political, economic challenges for Indonesia in 2023

[JAKARTA] A NEW Indonesian cabinet would have some significant challenges ahead of it, as the momentum of foreign direct investment (FDI) inflows slows. On the plus side, the country’s digital sector is expected to remain strong.

The country’s current government and cabinet, comprising a coalition of seven political parties, has begun to fray. And President Joko Widodo recently confirmed that he does indeed plan to reshuffle his cabinet.

Speculation about a reshuffle emerged after coalition partner Nasdem announced it would back former Jakarta governor Anies Baswedan in the 2024 presidential elections. A reshuffle would be the fourth in Jokowi’s second and final term in office, and comes at a difficult time for the country.