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Economy

New regulator looking for infrastructure finance solutions

Instruments needed to overcome massive Indonesian funding shortfall

Wimboh Santoso has been appointed by parliament as chairman of Indonesia’s Financial Services Authority for the next five years. (Photo by Bobby Nugroho)

JAKARTA -- The newly-elected chairman of Indonesia's Financial Services Authority (OJK) says he wants the institution to play a bigger role in infrastructure finance by broadening the range of financing options.

Wimboh Santoso, who was elected to the position by parliament on Thursday night, said bank loans, government bonds, and other basic options will not close the gap on Indonesia's massive infrastructure funding requirements.

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