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Economy

Indonesia looks to Islamic finance for infrastructure needs

Indonesian President Joko Widodo awaits heads of government at the World Islamic Economic Forum in Jakarta on Aug. 2. (Photo by Simon Roughneen)

JAKARTA -- Measures to boost Indonesia's relatively small Islamic finance sector could help the government implement an ambitious infrastructure modernization program across the 13,000-island archipelago, according to the country's recently appointed finance minister.

A week after she was appointed finance minister by President Joko Widodo in a cabinet shake-up, Sri Mulyani Indrawati described Indonesia's infrastructure development needs as "huge." Indrawati was speaking at the World Islamic Economic Forum in Jakarta.

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