To help streamline the licensing process for people wishing to invest money across Indonesia, the government is creating an “ease of doing business” (EODB) task force both regionally and nationally.

 “The task forces will be formed within two weeks. In ministries, the task forces will be led by secretary-generals, while in regional administrations, they will be led by regional secretaries,” said Coordinating Economic Minister Darmin Nasution in Jakarta on Friday according to kontan.co.id.

These task forces will first examine existing problems and submit recommendations to the national task force. Then the central government will offer technical guidance to change the existing licensing regulations, including the maximum length of licensing services.

Darmin said that in January, guidance will be offered for the single-submission system that will be implemented in April, and that the central government will punish regional administrations that fail to accelerate its licensing services.

Deregulating its economy has seen Indonesia’s rank in the Ease of Doing Business (EODB) index for 2018 climb 19 places to 72 from its previous rank of 91, according to the World Bank, but this ranking was still far below President Joko “Jokowi” Widodo’s ambitious index target of 40. Last year, in the World Bank's “Doing Business 2017: Equal Opportunity for All”, Indonesia jumped 15 places to 91st from 106th.

Source: The Jakarta Post

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