World Bank: Poverty Reduction in Indonesia Slows; Inequality Rises
The World Bank released a news update which states that poverty reduction in Indonesia continues to slow down, with only a reduction of 0.7 percentage points over the last two years, or the smallest decline in the last decade. Meanwhile the institution says that inequality also increased in recent years, potentially disrupting social cohesion and hence jeopardizing the gains from solid economic growth, which has helped to reduce the poverty rate to 11.3 percent in 2014, compared to 24 percent in 1999.