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The governments of Indonesia and South Korea on Thursday signed an agreement on bureaucratic reform and establishment of E-Government, a move which is expected to help boost the investment climate in the Southeast Asia's largest economy.
The signing was witnessed by Indonesian Vice President Boediono at the presidential office.
"Bureaucratic reform is a precondition for the progress of a nation," Boediono said after the signing.
Poor bureacracy remains one of the bottlenecks for investment in the country.
"The key to keeping moving ahead sustainably is to reform the way we run the government," said Boediono.
Under the agreement, Indonesia and South Korea agreed to collaborrate on public administration which stressed the importance of creating a more transparent, innovative, and accountable government, said Azwar Abubakar, minister for bureacratic reform.
Indonesia has got two credit rating upgrades to investment grade recently from rating agencies Moody's and Fitch, prompting global fund managers to allocate more funds to the country.
"Hopefully with this signing, the effort to reform beurocracy in Indonesia can be speeded up," said Yoo Jeong-bok, minister of security and public administration of South Korea.
"So, Indonesia and South Korea can jointly benefit from it in the future," he said.
According to United Nations surveys on E-Government development and electronic participation indices in 2010 and 2012, South Korea was ranked first out of 192 UN member countries.
