Indonesia Accelerates State-Owned Enterprises Recovery Program

Strategic Restructuring Initiatives

Danantara, Indonesia's SOE restructuring agency, is spearheading efforts to revitalize underperforming state-owned enterprises through a comprehensive 21-point program. The initiative includes critical measures such as strategic sector restructuring, business consolidation, and operational streamlining. Managing Director Febriany Eddy emphasized the urgency of completing these restructuring efforts by year-end to prevent further financial deterioration.

Rationale Behind Urgent Action

Febriany explained that delaying the restructuring process would significantly complicate future recovery efforts. The selected 21 programs were identified as high-priority interventions requiring immediate implementation. The restructuring includes various strategic interventions tailored to address specific challenges faced by different SOEs.

Implementation and Oversight

The restructuring process involves multiple stakeholders and requires careful coordination between government agencies, SOE management, and other relevant parties. Danantara is working closely with these entities to ensure the successful implementation of the recovery programs within the targeted timeline.