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21 Dec 2017
Indonesia: Capital Market Development Program Cluster (Subprograms 1 and 2)
In the aftermath of the 1997–1998 Asian financial crisis, Indonesia undertook reforms including strengthening the banking sector. However, to return economic growth to pre-crisis levels, higher levels of investment were needed, particularly in infrastructure. Developing capital markets offered an opportunity to reinvigorate growth through more efficient financial intermediation.
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