Mr. Darmawan Djajusman, Director of Investment Deregulation, Investment Coordinating Board, Indonesia

Previous positions include Deputy Director General, Foreign Investment Taxation Department Chief, Income Tax Division, Foreign Investment Taxation Department and Chief, Tax Policy and Tax Administration Divisions, Offshore Oil Tax Administration.

Under investment cost, the Secretary Chief Executive Officer explained that the additional resources requested were directly linked to the recommendations made in the report of Deloitte and Touche on the investment process, operations and organization of the Investment Management Service.

This effort will be complemented by investment in Headquarters and mission data collection and information management systems.

CRM systems available for specific markets (legal, finance) frequently focus on event management and relationship tracking as opposed to financial return on investment (ROI).

The working group welcomed the initiatives taken by the Investment Management Service with a view to controlling risks, and diversifying and modernizing its operations.

Investment in payroll systems could provide significant returns in cost avoidance and in better system management.

Historically, the increase of the Fund's value and the speed of the evolution of the market environment have outpaced the build up of investment and operational capability in the Investment Management Service.

But, to facilitate this shift, appropriate financing vehicles must be developed investment and risk management expertise will have to be acquired regulatory frameworks will have to be improved and adequate data and investment benchmarks will be needed.

A deeper and more efficient financial sector would also reduce transaction costs and facilitate risk management. Local currency bond markets could help to develop domestic investor bases and mobilize domestic savings to support long term investments.

It invested in education and technology, pushed a high savings rate, enacted a strong and effective affirmative action program, and adopted sound macroeconomic policies.

In some cases, countries are moving beyond that stage and investing in infrastructure such as networks of volunteer centres and improvements in volunteer management capacity.

The key to successful increased investment in water infrastructure is an equally increased investment in water institutions.

The awareness of plan sponsors of the importance of pension fund management has driven the investment methodology and technology applied in pension funds, which has become more and more sophisticated.

With regard to economic and social policy, the government must manage the national debt while encouraging investment and employment and strengthening public education and health programs.

This would enable the PBC to manage domestic demand by allowing interest rates to rise in order to rein in credit growth and deter reckless investment.

In addition to generating routine reports for funding, investment decisions, currency trading, payment investigations and facilitating accounts reconciliation, further high level reporting is being requested by management.

In India, the existence of reputed national research institutes and the management style of local companies, for example, were also mentioned as specific factors attracting FDI in R D.

The Department of Statistics (1991) estimates that OFDI stock from Singapore at the end of 1976 was S 1 billion.

This data warehouse system, as the core of the infrastructure of the Investment Management System, would integrate with the other specialist investment applications which support risk and performance, compliance, trading, accounting and internal reporting functions.

The Government would be following up on the implementation of the recommendations of the IPR, which related to modernizing the FDI entry regime, strengthening Board of Investment (BOI) core functions and reforming the tax regime on investment.

Without first rate expertise in debt management, an economy implementing large scale public outlays risks crowding out private investment through overreliance on domestic savings.

The Compliance Officer will establish the policies of the Investment Management Service in regard to standards of ethical behaviour, review the Service's procedures to ensure their adequacy and effectiveness and monitor the adherence of sub advisers and service providers to the standards of the Service.

The working group noted that the budget, as planned, would implement a significant policy change as regards outsourcing, as well as restructuring of the Investment Management Service.

The Best Investments

Investment costs

Front loaded public investment could be funded through an enhanced European Investment Bank.

Second, investment in real estate development accounts for nearly one quarter of the total.

This agency acts as a one stop shop and as the focal point for investment promotion activities.

It was also reported that UNCTAD had carried out an assessment of the investment promotion capacity of the national investment promotion agency (Agence Nationale de Développement de l'Investissement).

While endorsing the Advisory Committee's recommendations on the Fund's staffing, the United States would like clarification of those regarding the reclassification of staff in the Investment Management Service.

Rather than securing investment for productive sectors of the economy, the financial industry has become adept at securing investment in itself.

Investment policies should extend to both domestic and foreign direct investment.

The investment policy reviews and investment guides produced by UNCTAD had been valuable in improving the investment policy environment in those countries.

A World of Underinvestment

Why Public Investment?

Investment, enterprise and technology

The China Investment Challenge

The Quest for Investment

Foreign direct investment

Investing in development

When, during the 1997 98 Asian financial crisis, global investment professionals turned their attention from Thailand and Korea to Hong Kong, they quickly spotted structural weaknesses in the way the currency was managed.

If the Obama administration and EU officials cannot figure out the proper mix between economic engagement and protecting national security, investment capital from China will go elsewhere.

Stronger safety net programs might reduce the need for precautionary savings in the future, but such reforms cannot be accomplished overnight.

In particular, the Thai Exim Bank and the Board of Investment have been providing facilities (e.g. information, outward investment missions) to help Thai firms venture abroad.