Reforming key economic institutions in Indonesia: lessons from Korea's development experience

Reforming key economic institutions in Indonesia: lessons from Korea's development experience

The Korean Ministry of Finance and Economy (MOFE) undertakes the Knowledge-Sharing Projects for selected developing countries each year in order to assist the target countries in advancing their economic development by sharing Korea’s own policy experiences through policy consultancy. These Projects are administered by the KDI School of Public Policy and Management. MOFE and the KDI School launched the KSP for Indonesia in May 2005, and appointed Dr. Soogil Young, President of the National Strategy Institute in Seoul and a former Korean Ambassador to the OECD, as the Project Manager.

The Korean team of consultants have performed policy consultancy on five specific policy objectives:

  • developing the Indonesian early warning system
  • developing the roadmap for the Indonesian bond market
  • improving the education and training programs for the Ministry of Finance officials
  • strengthening the effectiveness of trade and FDI promotion
  • strengthening the support system for small and medium enterprises to support export-oriented industry

 

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