Indonesia Could Be Asia Portal: World Bank

Jakarta Globe, April 14, 2010

Indonesia already has enough potential, geographically, economically and socially, to become a gateway not only between Europe and Asia but between the rest of the world and the Middle East, according to Juan Jose Daboub, managing director of the World Bank.

But Daboub said that to achieve such a prominent international position, the country must ensure a healthy investment climate and develop its infrastructure.

And to be able to draw investment in infrastructure projects, which are long-term, riskier investments, he said the right regulatory framework, the right contracts and the right financial and guarantee instruments needed to be in place.

Daboub said the World Bank estimated that some $250 billion was needed in infrastructure investment in Indonesia over the next five years.

Full article here

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