This Country Climate and Development Report (CCDR) was a collaborative effort of the World Bank, International Finance Corporation (IFC), and Multilateral Insurance and Guarantee Agency (MIGA) under the overall guidance of Manuela V. Ferro (World Bank Regional Vice President), Alfonso Garcia Mora (IFC Regional Vice President), Ethiopis Tafara (MIGA Vice President and Chief Risk, Legal and Admin Officer), Satu Kristiina Kahkonen (World Bank Country Director for Indonesia and Timor-Leste), Hassan Zaman (World Bank Regional Director, Equitable Growth, Finance and Institutions), Benoit Bosquet (World Bank Regional Director, Sustainable Development), Kim-See Lim (IFC Director), Merli Margaret Baroudi (MIGA Director, Economics and Sustainability), Aaditya Mattoo (Chief Economist, EAP), Lars Christian Moller (World Bank Practice Manager, Macroeconomics Trade and Investment), Ann Jeannette Glauber (World Bank Practice Manager, Environment, Natural Resources, and the Blue Economy), John Nasir (IFC Practice Manager), and Bolormaa Amgaabazar (Operations Manager for Indonesia and Timor-Leste).