Indonesia, Brazil and the Democratic Republic of Congo together hold more than half of the world’s tropical rainforests. In 2022, when Indonesia hosted the G20 summit in Bali, the three countries pledged to cooperate on how to pay to protect those forests. The promise was one of South-South cooperation: developing countries working together rather than […]

The post Indonesia primed to lead a Global South forest protection bloc appeared first on Asia Times.

Every year, the Indonesian government forgoes taxes it could collect. Through tax holidays, rate cuts and exemptions, it courts investment while easing the burden on households and small businesses. Economists call this “tax expenditure” because giving up revenue is another way of spending public money. The Ministry of Finance expects it to reach 564 trillion […]

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