Small business growth could reduce poverty in Indonesia: World Bank

Wednesday, June 28, 2006

Excerpt: Small businesses, which employ millions of Indonesians, could become major engines of economic growth in this cash-strapped country and help reduce poverty, the World Bank has said.

Indonesia’s 15.7 million small enterprises make up more than 90 percent of all businesses and employ up to 60 percent of the workforce, outside agriculture, but their growth is hindered by access to credit and poor infrastructure, the World Bank’s Indonesia director said in a report released Wednesday.

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