As Jakarta starves the regions provinces of vital funds to bankroll high-profile national projects, the country’s decentralized governance is fracturing under the weight of an unprecedented, manufactured regional budget crisis.

As Jakarta starves the regions provinces of vital funds to bankroll high-profile national projects, the country’s decentralized governance is fracturing under the weight of an…

In a landmark move for Indonesia's local government financing, the Jakarta provincial administration is set to issue a Rp 3.5 trillion (US$193.66 million) municipal bond. The…