Saturday, April 12, 2014

IMF Wish New Government of Indonesia for Economic Reforms Continue

International Monetary Fund ( IMF ) praised the Indonesian government in dealing with the global economic turmoil and still maintain growth in 2013 ago . The IMF hopes the new administration can continue economic reforms .

Director of the IMF Asia Pacific Department Changyong Ree said Indonesia , Southeast Asia's largest economy , already in the " right track " after last year's economic turmoil with projected economic growth reached 5.4 percent in 2014 .

Faced with the depreciation of the rupiah last year , Indonesia raised interest rates and continue to take the reform efforts . Rhee reveals what happened last year in contrast to what happened in 1997 , a period in which the Asian financial crisis and the exchange rate plummeted .

" The important thing is whether the new government will continue the reform agenda . Indonesian government essentially creates great progress , " Rhee said at a meeting of the IMF / Worldbank as quoted by Channel News Asia on Saturday ( 04/12/2014 ) .

Specifically Rhee praised the government of President Susilo Bambang Yudhoyono to cut fuel subsidies ( BBM ) . Efforts are taken as corrective measures current account deficit and the lack of confidence in the exchange rate .
( see also: obat burung stres )

" Trimming the subsidy is a step that is very difficult because it has implications for the high level of inflation in the future electoral politics . , But the Indonesian government brave enough to take this step , " said Rhee .


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