The Indonesian government has substantially increased the investment value of infrastructure projects for 2020 - 2024. Furthermore, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate by more than half since 1999, to 9.78% in 2020. (August 11, 2020). Ministry of Finance Indonesia. Additionally, in May 2019, the government announced plans to invest IDR6 quadrillion (US$412 billion) to develop the country's overall infrastructure during the period of 2020-2024. March 2020 From fossil fuel power plants to endless concrete freeways, infrastructure is a primary contributor to the climate crisis. Second, with the adoption of the Outlook on the Indo-Pacific last June, ASEAN is expected to join the Indo-Pacific Infrastructure and Connectivity Forum for its members’ own development needs. November 27, 2020. It was updated in 2018 to 56 countries to include, at the time, the 10 African countries participating in the G20 Compact with Africa. Learn from EXPERT. Over the long-term, growth of Indonesia’s infrastructure sector will be supported by a healthy pipeline of road and rail projects. In Statista. Government budget for infrastructure in Indonesia from 2016 to 2020 (in trillion Indonesian rupiah) [Graph]. However, by employing the right strategies and technologies, smart infrastructure development can also produce some of the most substantial gains for sustainability. Infrastructure Construction in Indonesia to 2020: Market Forecast Synopsis Timetric’s 'Infrastructure Construction in Indonesia to 2020: Market Forecast' contains detailed historic and forecast market value data for the infrastructure construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). Global Infrastructure Outlook was first released in July covering 50 major countries around the world. News: China will not hike rates soon, says state media. November 30, 2020. According to data from our proprietary Key Projects Database (KPD), roads and rail infrastructure projects account for 29% and 22% of the total value of infrastructure projects currently in the planning and construction phases. Prior to the COVID-19 crisis, Indonesia was able to maintain a consistent economic growth, recently qualifying the … More than US$412 billion will be spent across hundreds of projects. The government has increased its infrastructure allocation by 57.3 percent to Rp 423.3 trillion between 2016 and 2020. Indonesia Banks: Net interest income continues to stabilise. View All Indonesia Outlook 2021: Beyond the pandemic. Indonesia Construction and Infrastructure Market, Size, Share, Outlook 2020 to 2026 is a premium market research report focusing on factors driving and challenging the industry, Market Trends, recent industry developments, Key Players Analysis, market share, size, forecast, segmentation, Business Profiles of Leading Companies. December 01, 2020. 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