Analyst: Don’t expect Joko to deliver on all his reforms

JAKARTA: Investors who are counting on Indonesian President Joko “Jokowi” Widodo unleashing a wave of economic reforms in his second term may be sorely disappointed.

“Vested political interests and fiscal realities will constrain Joko­wi’s ability” to deliver on reforms, such as boosting infrastructure spending, Sung Eun Jung, an economist at Oxford Economics Ltd in Singapore, wrote in a report released yesterday.