The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

‘Double-A Team’ inspires new hope for Indonesia

Government officials hope that international investors will look afresh at Indonesia. Susilo Bambang Yudhoyono’s government made history with its re-election. It is using a strong popular mandate to tackle corruption and bureaucratic shortcomings head-on. Eric Ellis reports from Jakarta.

Left to right: SBY (Susilo Bambang Yudhoyono), Agus Martowardojo and Darmin Nasution

Left to right: SBY (Susilo Bambang Yudhoyono), Agus Martowardojo and Darmin Nasution

AFTER 30 YEARS of kleptocratic dictatorship and a decade or so of wobbly democracy, Indonesia has no shortage of monuments to bad government, corruption and squandered foreign investment opportunities in a country whose 240 million population, third only to China and India in Asia, suggests it should be a regional champion. There’s the bane of any business visitor to Jakarta, the seaside tollway between downtown and a dated international airport that’s liable to disappear under a high tide. That’s after enduring a contemptuous two- to three-hour queue at arrivals simply to enter the country, often after an hour waiting to pay the $25 "improvement" fee, and all this before getting to luggage that too often goes missing. Then you plunge into several hours of chronic gridlock to get into town. Flying around the sprawling archipelago can be a crap shoot too; Indonesia has one of world aviation’s worst safety records, its aircraft only recently, and tentatively, allowed to fly into Europe’s more exacting skies.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree