Indonesian President reaffirms anti-corruption of his administration

12 May, 2011 | Source: Antara News

Indonesian President Susilo Bambang Yudhoyono reaffirms anti corruption in his administration period as the recent cabinet has done so much to fight against the illegal practice.

"My administration does not tolerate corruption. We are hard at work at changing the system from the inside out," Yudhoyono said in the International Conference of Foreign Bribery in Business Transaction 2011, Nusa Dua, Tuesday (10/5).

The Indonesian Corruption Eradication Commission (KPK) has been prolific in their investigation of graft, with much success, said the President.

"We are in the process of reforming our judicial system, with considerable advances in recent years," said president Yudhoyono.

The recent cabinet of United Cabinet II under President Yudhoyono′s lead is targeting bureaucratic reform, raising salaries and improving accounting systems.

In the business and investment sector has not been spared of institutional changes, ?We have established the Court for Business Competition, which doles out both civil and criminal punishment for offenders,? said the president.

Besides Indonesia have also stepped up its international efforts, by ratifying the United Nations Convention Against Corruption (UNCAC) five years ago.

Through Indonesian membership in the G-20, the country has introduced initiatives that will hopefully reform the international finance system, making it more transparent and accountable.

"We welcome the formation last year of the G-20`s Anti-Corruption Working Group, which Indonesia co-chairs with France," he said.

According to the President, this was a concrete step taken by members to cooperate in reforming law enforcement against corruption, extending prosecutorial jurisdiction beyond borders.

The Working Group will meet after today`s conference, and high on the Indonesian agenda is the topic of increased cooperation between nations.

"Indeed, there is so much that we can accomplish together. Together, we can enhance the surveillance of international finance. We can enhance our surveillance of money laundering, and enhance prosecution against this practice," he said.

 

The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
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