Stability is more important than democracy for investors: Kalla

WASHINGTON D.C. (Antara): Vice President Jusuf Kalla said Saturday evening (Sunday morning Jakarta time) that political stability and investment security were more important to foreign investors than democracy.

"Many foreigners praise and recognize Indonesia for our democratic achievement saying Indonesia is one of the largest democracies -- saying that we have a moderate form of Islam.

Yet they choose to invest in countries like China which they condemn for its human rights abuses," said Kalla.

Kalla was speaking at a dialog with Indonesians moderated by Indonesian Ambassador to the United States, Sudjadnan Parnohadiningrat.

Also present at the dialog were Trade Minister Mari Elka Pangestu, Energy and Mineral Resources Minister Purnomo Yusgiantoro, Investment Coordinating Board chief Muhammad Lutfi and Indonesian Permanent Representative to the UN Rezlan Jenie.

The Vice President said that he had come to the conclusion that foreign investors needed stability more than democracy before deciding to invest in a particular country.

"Stability and security in Indonesia is getting better although we still have some image problems.

We have a huge potential that can be further developed." (***)
_________________________ Indonesian Business and Investment News Aggregator