Indonesian President Joko Widodo sets sights on $7 trillion economyChristian Fernsby ▼ | October 21, 2019
Indonesian President Joko Widodo is due to unveil his cabinet Monday after pledging to put the world’s fourth most populous country on a path to become a $7 trillion economy by 2045.
- Indonesian President Joko Widodo is due to unveil his cabinet
- The president was sworn in for a second and final five-year term in office
- He immediately urged lawmakers to overhaul a myriad of laws
Asia Joko Widodo
Topics: Indonesia Joko Widodo trillion
Widodo took the oath of office at the parliament hall in Jakarta in a ceremony attended by several heads of state and representatives from more than 150 countries. Known colloquially as Jokowi, he immediately urged lawmakers to overhaul a myriad of laws hindering investment and job creation to rid the country of poverty. By the time Southeast Asia’s largest economy marks a century of its independence in 2045, he aims to have lifted the per-capita income to 320 million rupiah ($22,656).
“None of that will come automatically, and (it) will not come easily,” Widodo said in a speech after his inauguration. Indonesia must continue to innovate amid a world “full of risk, that is very dynamic.” ■