IMF to announce Indonesia economic review results in September
TEMPO Interactive, Jakarta: The International Monetary Fund (IMF) recently completed a review of Indonesia's global economic standing, according to IMF Director Christine Lagarde, who spoke with Vice President Boediono on Monday.
"(The review) will be announced at the end of September (this year)," a spokesman for the Vice President, Yopie Hidayat, said following the meeting at the vice presidential palace.
Lagarde told Boediono that Indonesia's economy today was undergoing a positive trend. The report praises this using terms such as solid and encouraging. "That's the general conclusion presented. The IMF Board Meeting will provide the details at the end of September," she said.
In the 40-minute meeting, Lagarde and Boediono spoke mostly about world economy as a whole, such as the crisis in Europe and possibilities that may take place.
In mid-June, the Government, Bank Indonesia and the House of Representatives agreed at the parliament building to establish economic growth assumptions in 2012 to range from 6.6 to 7 percent.
This is an increase from the government's previous proposal of 6.5 to 6.9 percent.
Finance Minister Agus Martowardojo at the time said that the proposed figure was based on growth challenges. He thought many problems were inhibiting growth, especially infrastructure issues. "There are still many obstacles to land acquisition," he said.
BI Deputy Governor Budi Mulya also said that to achieve an economic growth of above 6.6 percent, the government must improve the infrastructure.
The state, according to Budi, must also increase the ratio of investment to gross domestic product (GDP). "To achieve an economic growth above 6.6 percent, the investment to GDP ratio must be above 30 percent," he said.
10 July 2012