Revisiting the Belt and Road Initiative in Indonesia Progress, Challenges, and Prospects

This paper provides an update on the BRI projects in Indonesia. It discusses the progress and challenges of China’s outbound investment and infrastructure projects under the Initiative and outlines how perceptions about the BRI have evolved in Indonesia. Moreover, some case studies highlight the iss...

Full description

Saved in:
Bibliographic Details
Published inASEAN economic bulletin Vol. 41; no. 1; pp. 28 - 46
Main Author Negara, Siwage Dharma
Format Journal Article
LanguageEnglish
Published Singapore ISEAS - Yusof Ishak Institute 01.04.2024
ISEAS–Yusof Ishak Institute
Institute of Southeast Asian Studies (ISEAS)
Subjects
Alliances
Case studies
Central government
Coal-fired power plants
Community
Conflicts of interest
Cooperation
Diplomacy
Electricity
Environmental impact
Environmental law
Financial sustainability
Infrastructure
Infrastructure (Economics)
Investors
NGOs
Nongovernmental organizations
Presidents
Prospects
Public finance
Regulation
State visits
Sustainability
Trade surplus
Xi Jinping
Southeast Asia
Singapore
China
Indonesia
Beijing China
Jakarta Indonesia
United States > US
Online AccessGet full text

Cover

More Information
Summary:This paper provides an update on the BRI projects in Indonesia. It discusses the progress and challenges of China’s outbound investment and infrastructure projects under the Initiative and outlines how perceptions about the BRI have evolved in Indonesia. Moreover, some case studies highlight the issues and problems associated with BRI implementation, along with future prospects and necessary readjustments. It is argued that, by learning from previous projects, the government should create a clear legal and institutional framework to improve future BRI projects. The state should rigorously assess the viability and financial sustainability of the projects. Furthermore, proper environmental and ecological assessments by independent parties are critical to prevent conflict of interest. The central government authorities should work with various stakeholders, including NGOs and local communities, to address the issues they face. Finally, stricter regulations should be in place for the Indonesian government and Chinese investors to comply with, in order to ensure that locals also benefit from the projects.
ISSN:2339-5095
2339-5206
DOI:10.1355/ae41-1c