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IFC and OJK Raising the Bar on Environmental, Social, and Corporate Governance Standards (Inglês)

IFC has always believed that the private sector is a powerful driver of growth. However, the private sector will not be able to access capital markets, let alone thrive without a consistent regulatory framework and proper supervision and enforcement. Financial Services Authority (OJK’s) commitment to its vision and mission is commendable and should be supported by all market players. Since 2012, IFC’s Indonesia Corporate Governance Project has assisted the OJK to embark on a far-reaching, multi-year reform to strengthen the country’s corporate governance framework and investment climate. This cooperation needs to continue to raise governance standards among Indonesian companies, promote transparency and accountability in the corporate sector, and enhance public trust and confidence in Indonesian capital markets.

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