Elections Crib Sheet: Jokowi Ascendant


Indonesians are set to vote in the upcoming legislative and presidential elections in April and July, respectively. The impending elections are particularly crucial as the new administration will assume the task of reinvigorating a slowing economy and rebuilding confidence from both the electorate and foreign investors. Indonesia, which emerged from the Global Financial Crisis relatively unscathed, is now witnessing its slowest growth in almost four years. Its citizens have become increasingly disgruntled following current president Susilo Bambang Yudhoyono's administration's failure to keep to his campaign pledges, while investors, both local and foreign alike, have been holding back on investment amid hints of surfacing protectionism.

With an approximate population of 250mn people, Indonesia also carries considerable political and economic significance within the region. Not only is it the largest economy in Southeast Asia, with a base of 186mn voters, the archipelago is the world's third largest democracy. Against a backdrop of rising regional tensions stemming from China's recent provocations in the South China Sea, as well as the impending formation of the ASEAN Economic Community in 2015, Indonesia will be increasingly looked upon to play a larger role in shaping the region's security and economic architecture.

While Indonesia's political environment remains highly fragmented, the elections will be dominated by three parties: the Indonesian Democratic Party - Struggle (PDI-P), the Golkar Party and the Great Indonesia Movement Party (Gerindra). All presidential candidates will require nomination from a party that has either garnered 25% of the popular vote or 20% of the seats in parliament.

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This article is tagged to:
Sector: Country Risk
Geography: Indonesia