Following the current development of Indonesia’s economy, we observe at least 3 (three) issues of Indonesia’s economic management under the international spotlight. First, the ability in execution and implementation of policies. Second, transparency in policy making with sufficient public consultation. Third, how coordination is built between the Central Government, Regional Governments, and relevant authorities, thereby avoiding overlapping policy making. 5.
But to be clear, this instrument is by no means intended to make market entry more difficult for foreign banks – and the Bundesbank will continue to advocate fair access for foreign banks. As a result, we will move further away from the idea of serving the world from one spot with the need for only one licence.