JAKARTA: President Prabowo Subianto on Monday (July 21) launched the first of thousands of planned new community cooperatives, betting on a top-down approach and billions of dollars in loans from Indonesia’s state banks to spur development and food self-sufficiency in the South-East Asian nation.
Prabowo, speaking at a launch event in the central Java town of Klaten, described the initiative as part of his administration’s efforts to shorten distribution chains and improve access to essential goods across the sprawling archipelago nation. Especially for "those with weaker economic conditions,” he added. "They must have access at affordable prices.”
