Economics, Econometrics and Finance
a year ago

Regional autonomy in Indonesia hindered by legal uncertainty in regional bond policy.

The Regional Bond Policy in the Indonesian Regional Autonomy
Sulistio Adiwinarto, Ermanto Fahamsyah, Dominikus Rato, Mexsasai Indra

Paper Summary

The article examines why Indonesian local governments have not issued regional bonds for infrastructure development despite laws allowing it. The study finds that legal uncertainties and restrictions prevent local leaders from using this funding source, leading to missed opportunities for community development.

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