Jakarta, October 16, 2020 - The Omnibus Law on Job Creation is a major reform effort to make Indonesia more competitive and support the country’s long-term aspiration of becoming a prosperous society. It can support resilient economic recovery and long-term growth in Indonesia. By removing heavy restrictions on investment and signaling that Indonesia is open for business, it can help attract investors, create jobs and help Indonesia fight poverty. Consistent implementation of the Law will be critical and will require strong implementing regulations to ensure inclusive and sustainable economic growth as well as concerted efforts by the Government of Indonesia and other stakeholders.
The World Bank is committed to working with the Government of Indonesia on these reforms, towards economic recovery and a brighter future for all Indonesians.